Samantha Goes to College to Become an Engineer

question 221

Multiple Choice

Samantha goes to college to become an engineer. This is an example of an

• A) investment in physical capital.
• B) investment in human capital.
• C) increase in entrepreneurship.
• D) increase in labor.

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Definitions:

Short-Run

A period in economics during which at least one factor of production is fixed, focusing on immediate effects and adjustments.

Spreading Effect

A phenomenon in economics where an initial investment leads to additional benefits that spread beyond the immediate context, often stimulating further economic activity.

Fixed Cost

Expenses that remain constant regardless of the firm's production volume.

Output

The cumulative quantity of products or services generated by a corporation or nation.