Social Capital Is

question 38

Multiple Choice

Social capital is

• A)the shared values and trust that promote cooperation in the economy
• B)the buildings and equipment used to produce goods and services
• C)a government regulation aimed at improving health and safety
• D)the accumulated knowledge, skill, and experience of the labor force
• E)the owner's own or borrowed money invested in a business

---

Definitions:

National Debt

The net accumulation of federal budget deficits.

Rate of Unemployment

The percentage of the labor force that is jobless and actively seeking employment.

Normative Economic Statement

A statement that reflects opinions or judgments about what ought to be in economics, focusing on the desirability of certain economic policies or outcomes.

Minimum Wage

The lowest legal wage that employers are allowed to pay their workers, set by law to ensure a minimum standard of living for employees.