Which of These Tends to Earn the Highest Incomes

question 23

Multiple Choice

Which of these tends to earn the highest incomes?

• A)primary activities
• B)secondary activities
• C)tertiary activities
• D)quaternary activities
• E)unitary activities

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Definitions:

Human Capital

The combined abilities, expertise, and experiences owned by a person or a group, regarded in relation to their worth or expense to a company or nation.

Capital Goods

Long-lasting goods used in the production of other goods or services, such as machinery, buildings, and equipment.

Life Span

The length of time for which a living organism, including humans, exists, from birth to death.

Capital Stock

The total amount of physical, durable goods that a company possesses at any given time, which are used in producing goods and services.