Steve Owns a Bike Shop

question 4

Multiple Choice

Steve owns a bike shop.He wants to increase the number of bikes he sells each month,so he knows he needs to acquire more resources.Which of the following actions would represent an increase in the human capital resource at his bike shop?

• A) purchasing more bikes for his showroom
• B) increasing the training for his employees
• C) increasing the hours of operation
• D) increasing the size of his shop
• E) buying more bike-repair equipment

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Definitions:

Dependent Children

Individuals, typically under the age of 18, who rely on their parents or guardians for financial support and care.

GDP

Gross Domestic Product, the total market value of all finished goods and services produced within a country in a specific time period.

Government Sector

The part of the economy that is controlled by the state, including all government agencies and entities at the federal, state, and local levels.

Consumption Sector

A segment of the economy that involves individuals and households that use goods and services for personal needs rather than for manufacturing or resale.