It Is Useful to Think of Physical Capital in Terms

question 27

Multiple Choice

It is useful to think of physical capital in terms of a variable, .

• A) stock; because most equipment is solidly built.
• B) flow; because its usefulness lasts over a long period of time.
• C) flow; because it is usually put in place and maintained over a long period of time.
• D) stock; depending on the context.
• E) stock; because any flow of investment adds to the current capital stock.

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Definitions:

Ex Post Facto

A research design that examines the effects of an independent variable on a dependent variable after the event has occurred.

Random Assignment

A method in experimental design where study participants are allocated to different groups on a random basis to reduce bias.

Experimental

Relating to a controlled study involving variables manipulated to determine cause-and-effect relationships.

Longitudinal

Describes research or analysis that takes place over a long period of time, observing the same subjects to detect changes or developments.