Examlex
Which of the following is a reason why a greater capital stock can increase investment?
I. A greater capital stock is likely to lead to more investment because further increases in the
Demand for investment tend to lower the cost of capital.
II. A greater capital stock is likely to lead to more investment since there will be more capital to replace.
III. A higher level of capital stock encourages investment in new capital because capital becomes obsolete at a faster rate.
Middle Class
Describes a socio-economic group that falls between the working class and upper class, often characterized by moderate incomes, education levels, and occupations.
Upper Class
A social group at the top of a societal hierarchy which possesses more wealth, power, and prestige than other classes.
Working Class
A social group comprising individuals in manual-labor occupations or industrial work, often associated with lower socioeconomic status.
Occupational Prestige
The subjective evaluation people give to jobs as better or worse than others.
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