If the Time Allocated to Human Capital Accumulation Increases

question 49

Multiple Choice

If the time allocated to human capital accumulation increases

• A) output is higher forever.
• B) output is lower forever.
• C) output grows at a higher rate, but is lower initially.
• D) the government sector grows.
• E) international trade declines.

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Definitions:

Total Asset Turnover

Sales divided by total assets.

Asset Utilization

A measure of how efficiently a company uses its assets to generate revenue.

Assets

A firm’s economic resources, or items of value that it owns, such as cash, inventory, land, equipment, buildings, and other tangible and intangible things.