In a Small European Country,it Is Estimated That Changing the Level

question 130

Multiple Choice

In a small European country,it is estimated that changing the level of capital from $8 million to $10 million will increase real GDP from $2 million to $3 million.What level of GDP would you expect the economy to be able to reach if spending on capital continued to rise to $12 million,assuming no technological change and no change in the hours of work?

• A)GDP would increase further,but by less than $1 million.
• B)GDP would increase further by exactly $1 million.
• C)GDP would increase further by more than $1 million
• D)GDP would increase further by exactly $4 million.

Identify and explain how prejudice can be studied and measured scientifically.

Grasp different social theories that explain the development and perpetuation of prejudice and discrimination.

Recognize the role of interactionist theories in explaining racial prejudices and attitudes.

Comprehend the concept of systemic discrimination and its examples.

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Definitions:

Capital

The collection of physical and financial assets used by an individual or organization to produce goods and services.

Services

Services like accounting, banking, cleaning, consulting, education, insurance, professional knowledge, medical care, and transportation that cannot be physically touched.

Goodwill

An intangible asset on a company's balance sheet that represents the premium paid over the fair market value of the acquired assets in a business acquisition.

Tangible Capital

Physical assets that are used in the operating activities of a business, such as buildings, machinery, and equipment.