Which of the Following Is an Example of the Development

question 89

Multiple Choice

Which of the following is an example of the development of human capital?

• A)Designing robots used to manufacture cars
• B)Contributing to well-developed financial markets
• C)Conducting on-the-job training
• D)Fostering trust among firms that allows short-term credit

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Definitions:

Consumption

The use of goods and services by households, considered as the end component of economic activity where goods or services are utilized.

Vertical Equity

A principle of taxation that posits taxpayers with higher incomes should pay more in taxes than those with lower incomes, based on the ability to pay.

Tax Burdens

The total amount of taxes paid by an individual or entity, often expressed as a percentage of income or as an absolute amount.

Governmental Services

Services provided by the government to its citizens; these can include education, healthcare, and public safety.