Investment in Both Physical and Human Capital Tends to Enhance

question 2

Multiple Choice

Investment in both physical and human capital tends to enhance economic growth because it generally

• A) increases consumption during the current period.
• B) makes it possible for individuals to produce more goods and services per hour worked.
• C) encourages firms to expand output by employing more low productivity workers.
• D) encourages workers to unionize and thereby fight for higher wages.

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Definitions:

Theorists

Individuals who develop theories and concepts in a particular field of study to explain phenomena or guide research and practice.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Electro-Neural Stimulator

A device used to deliver electrical impulses to nerves in the body, often for pain relief or to stimulate muscle activity.

Brain Efficiency

The ability of the brain to perform tasks effectively and efficiently with minimal use of resources, such as energy.