Question 39. Which of the following statements about capital are correct? (more than ONE answer) Question 40. Which of the following statements about helping poor countries are true? (More than ONE answer) QUESTION 3939. Which of the following statements about capital are correct?a) In economic jargon capital is the net worth of a business enterprise.b) Capital is defined as anything that is produced that then produces other thingsc) An increase in capital will grow the economy because capital is a resource in the production process and an increase in resources increases the productionpossibilities or potential production of the economy.d) Capital represents the tools that labor uses and thus an increase in capital tends to increase the productivity of labor (and possibly other resources) and thatmagnifies economic growth.e) Most technological advances involve improvements to the tools of production, which is capital, so embodiment of new technology in capital is yet another waycapital fosters economic growth.Of) increasing capital in the economy has to lead to greater income inequality, since most capital is owned by the rich.g) As capital increases labor productivity, it leads to increased wages (assuming competitive markets), thus it need not result in greater income inequality.Oh) Capital includes improvements to the other resources, such as clearing the land for agriculture, or training and education that improves the labor services ofworkers creates what is called human capital.QUESTION 4040. Which of the following statements about helping poor countries are true?a) Opening our markets to their trade is by far a more effective way to help them that giving them foreign aid?b) Opening our markets to their trade not only doesn't cost us, it provides a net benefit to our economy as wellc) We should always give as much foreign aid as we can directly to their governmentsd) If the "recipient" country does not have a responsible government or much in the way of civil society, foreign aid should be limited to things such as fightingdisease, aid that is provided directly to the people, such as microfinance or infrastructure project provided directly avoiding passing funds through the "recipient"country governments, and aid conditional on reforms to improvements governance.e) We should protect our domestic industries against the lower wages of the poorer countries, so we may giv them foreign aid but should never open our markets tothem.Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Answered: Question 39. Which of the following…

ENGR.ECONOMIC ANALYSIS

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Question 39. Which of the following statements about capital are correct? (more than ONE answer) Question 40. Which of the following statements about helping poor countries are true? (More than ONE answer)

QUESTION 39
39. Which of the following statements about capital are correct?
a) In economic jargon capital is the net worth of a business enterprise.
b) Capital is defined as anything that is produced that then produces other things
c) An increase in capital will grow the economy because capital is a resource in the production process and an increase in resources increases the production
possibilities or potential production of the economy.
d) Capital represents the tools that labor uses and thus an increase in capital tends to increase the productivity of labor (and possibly other resources) and that
magnifies economic growth.
e) Most technological advances involve improvements to the tools of production, which is capital, so embodiment of new technology in capital is yet another way
capital fosters economic growth.
Of) increasing capital in the economy has to lead to greater income inequality, since most capital is owned by the rich.
g) As capital increases labor productivity, it leads to increased wages (assuming competitive markets), thus it need not result in greater income inequality.
Oh) Capital includes improvements to the other resources, such as clearing the land for agriculture, or training and education that improves the labor services of
workers creates what is called human capital.
QUESTION 40
40. Which of the following statements about helping poor countries are true?
a) Opening our markets to their trade is by far a more effective way to help them that giving them foreign aid?
b) Opening our markets to their trade not only doesn't cost us, it provides a net benefit to our economy as well
c) We should always give as much foreign aid as we can directly to their governments
d) If the "recipient" country does not have a responsible government or much in the way of civil society, foreign aid should be limited to things such as fighting
disease, aid that is provided directly to the people, such as microfinance or infrastructure project provided directly avoiding passing funds through the "recipient"
country governments, and aid conditional on reforms to improvements governance.
e) We should protect our domestic industries against the lower wages of the poorer countries, so we may giv them foreign aid but should never open our markets to
them.
Click Save and Submit to save and submit. Click Save All Answers to save all answers.

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"Since you have asked multiple questions, we will solve the first question for you. If you want any specific question to be solved then please specify the question number or post only that question".

The term "capital" has different meaning and interpretation in economic, accounting and financial terms. It is considered as important for every business because it is the foundation upon which business enterprises are established.

Income inequality means the unequal distribution of income among different sections of the society. The less equal the income distribution, the higher is the income inequality in the economy, and vice-versa.

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