Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A) Human capital is more important than social capital
• B) Social capital is more important than human capital
• C) Human and social capital are both extremely important
• D) Neither human nor social capital are very important
• E) Research has not studied this topic, so no one knows how important either form of capital is

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Definitions:

Misallocation

The inefficient distribution or use of resources in an economy, often resulting from market failures or government intervention.

Resources

Assets, materials, and inputs needed for the production of goods and services, including time, labor, capital, and natural resources.

Excess Demand

A market condition where the quantity demanded of a good exceeds the quantity supplied, leading to shortages.

Good

A tangible item or product that fulfills a need or desire and is available for purchase.