A Possible Externality Associated with the Process of Accumulating New

question 75

Multiple Choice

A possible externality associated with the process of accumulating new capital is that:

• A)a reduction in labour productivity may occur.
• B)new production processes may be devised.
• C)old capital may be made more productive.
• D)the government may need to adopt an industrial policy.

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Definitions:

Residency

A period of training in a hospital that a newly graduated physician or surgeon undergoes to gain practical experience under supervision in their field of expertise.

Treatment Of Abnormal Functioning

The methods and approaches used in psychology and psychiatry to address and manage conditions that deviate from normative psychological or behavioral functioning.

Thomas Szasz

A psychiatrist known for his criticisms of psychiatry and the concept of mental illness, advocating for the rights of patients and the separation of psychiatry from the state.

Mental Illness

A broad category of conditions affecting a person’s thinking, emotion, and behavior, which may cause distress and difficulty in functioning.