When a Society Decides to Increase Its Quantity of Physical

question 57

Multiple Choice

When a society decides to increase its quantity of physical capital,the society

• A)can avoid the usual need to face trade-offs.
• B)is apparently not very concerned about its rate of economic growth in the future.
• C)is in effect deciding to consume fewer goods and services in the present.
• D)is in effect deciding to save less of its current income in the present.

Comprehend the importance of courage in entrepreneurship and its different aspects.

Analyze and critically discuss entrepreneurial myths and realities, supporting arguments with research or theory.

Understand the concepts and differences of synchronous and asynchronous training.

Comprehend the principles of instructional design in technology-based training programs.

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Definitions:

Say's Law

An economic theory proposing that the production of goods creates its own demand, attributed to the French economist Jean-Baptiste Say.

Recessions

Periods of economic decline lasting at least six months, characterized by decreases in GDP, employment, and consumer spending.

Monetarists

Economists who believe that changes in the money supply have major influences on national output in the short run and the price level over longer periods.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.