Examlex
Which of the following actions are prohibited by the double jeopardy clause?
I. a second prosecution for the same offense after a hung jury
II. multiple punishments for the same offense
III. a second prosecution for the same offense after conviction
IV. a second prosecution for the same offense after acquittal
Physical Capital
Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.
Natural Resources
Raw materials and environmental assets that occur naturally on the planet, such as water, minerals, and forests, which can be utilized for economic gain.
Production Function
An equation or model that describes the relationship between inputs used in production and the output of goods or services.
Catch-Up Effect
The theory that poorer economies will tend to grow at a faster rate than wealthier economies and thus converge in terms of income per capita over time.
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