An Example of a Government Policy to Increase Human Capital

question 106

Multiple Choice

An example of a government policy to increase human capital formation is:

• A)the construction of an interstate highway system.
• B)the provision of publicly-funded education.
• C)government support for basic research.
• D)maintaining a well-functioning legal system.

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Definitions:

Sales Budget

An estimate of future sales, often detailed in terms of volume and revenue, used for planning and controlling a business's operations.

Cash Collections

The process of gathering all cash received from sales, receivables, and other sources during a given period.

Direct Materials

Basic substances used explicitly in the manufacturing of certain products or services.

Production Budget

A financial plan that outlines the cost of producing the goods or services a company plans to sell, including direct labor, materials, and overhead.