Most ________ is embodied in physical capital. A) human ...

[imanialler]

Most ________ is embodied in physical capital.
 
  A) human capital
  B) technological change
  C) labor productivity
  D) economic growth

Question 2

According to the wealth effect, if real wealth decreases then people
 
  A) decrease their consumption expenditure.
  B) increase their consumption expenditure.
  C) do not respond if their nominal wealth does not change.
  D) decrease their consumption expenditure only if their nominal wealth also decreases.

[nmyers]

Answer to Question 1

B

Answer to Question 2

A