Which of the Following Is Most Likely If There Is

question 215

Multiple Choice

Which of the following is most likely if there is a war that destroys a country's stock of physical capital to a level below the steady-state equilibrium?

• A) The GDP of this country will be equal to the steady-state equilibrium level of GDP.
• B) The GDP of this country will be higher than the steady-state equilibrium level of GDP.
• C) The investment in physical capital will offset the depreciating physical capital.
• D) The investment in physical capital will be lower than the amount required to replenish the depreciating physical capital.

---

Definitions:

System 1 Thinking

A term from psychology that describes the brain's fast, automatic, intuitive approach, contrasted with the slower, more analytical System 2 thinking.

Simple Sentence

A simple sentence is a sentence structure that contains only one independent clause and no dependent clauses, with a straightforward statement.

Example

An instance or a situation used to illustrate a principle, show how something works, or justify a course of action.

Consumer Decision-making Process

The stages a buyer goes through in making choices about which products or services to buy, including need recognition, information search, evaluation of alternatives, purchase, and post-purchase behavior.