Chinaʹs State Council Has Encouraged More Spending to ʺImprove Transportation

question 320

Multiple Choice

Chinaʹs State Council has encouraged more spending to ʺimprove transportation links and other infrastructure... .ʺ It will also ʺstep up its spending on vocational training and other educational programs for adults.ʺ
Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of Chinaʹs PPF. As a result of enacting the policies, we would expect
i. an expansion of Chinaʹs production possibilities.
ii. capital accumulation.
iii. an increase in human capital

• A) i, ii and iii.
• B) ii and iii only.
• C) i and ii only.
• D) i and iii only.

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Definitions:

Exhaust Emissions

The gases and particles released into the atmosphere from an engine or other machinery combustion process.

Repair Order (RO)

A document issued by a service provider listing the work to be done on a vehicle, including repairs, maintenance, and the costs involved.

Inspections

The process of examining something closely, typically for safety or quality assurance purposes.

Service Bay

A designated area within a garage or workshop where vehicles are repaired or maintained.