Would the following events usually lead to capital deepening? Why or why not? a. A weak economy in which businesses become reluctant to make long-term investments in physical capital. b. A rise in international trade. c. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities
Would the following events usually lead to capital deepening? Why or why not? a. A weak economy in which businesses become reluctant to make long-term investments in physical capital. b. A rise in international trade. c. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 17SQ
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Would the following events usually lead to capital deepening? Why or why not?
a. A weak economy in which businesses become reluctant to make long-term investments in physical capital.
b. A rise in international trade.
c. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities.
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