The United States Possesses a Large Amount of Human Capital

question 9

Multiple Choice

The United States possesses a large amount of human capital.As a result of this fact,in the United States there is a

• A) large amount of machinery and equipment.
• B) large number of people and a great deal of land.
• C) highly skilled and educated labor force.
• D) large number of kind and generous humans.
• E) large amount of machinery (capital) that is run by people (humans).

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good supplied.

Opportunity Cost

The relinquishment of possible gains that could have been obtained from alternatives when one is selected.

Production Increases

This term describes a situation where the total output of goods and services in an economy grows over a specified period.

Technology Improvement

Enhancements or advancements in technology that increase productivity, efficiency, and capabilities within industries or society.