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Author Question: Most ________ is embodied in physical capital. A) human capital B) technological change C) ... (Read 55 times)

imanialler

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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