A less developed country can increase its capital stock by

a. raising taxes on purchases of capital goods
b. temporarily accepting unusually high unemployment rates
c. reducing government spending
d. shifting resources away from production of consumer goods and toward production of capital goods
e. providing more opportunities for individuals to spend their accumulated savings

D

Economics

You might also like to view...

Federal individual income taxes illustrate the ability-to-pay principle of taxation

a. True b. False

Economics

In 2012, approximately what percent of the national debt was held by the Federal Reserve system?

a. 5 percent b. 10 percent c. 40 percent d. 55 percent

Economics