Related to the Economics in Practice on P

question 76

Multiple Choice

Related to the Economics in Practice on p. 710: When the government of Bangladesh built flood embankments on the sides of rivers, this represented an investment in

• A) social overhead capital.
• B) human capital.
• C) financial capital.
• D) intangible capital.

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Definitions:

Physical Space

The tangible and physical environment or area in which objects and activities occur and interact.

Economic Bailout

Financial support given to a failing business or economy to prevent its collapse, often involving loans, grants, or subsidies from the government or other institutions.

Majority Shareholder

An individual or entity that owns more than half of the shares in a company, giving them significant control over the company's decisions and operations.

Capitalism

A system where the means of producing goods or services are privately owned and operated for the purpose of generating profit.