14. to start or put a large or important activity into action
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15. referring to the mental processes of perception, memory, judgment and reasoning
Productivity is the
A. growth rate of real GDP.
B. average amount a worker produces per hour.
C. level of real GDP.
D. None of the above is correct.
Engineering students learn long-established methods for constructing bridges, in and of itself this learning increases
A. human capital.
B. physical capital.
C. technological knowledge.
D. None of the above is correct.
Which of the following is incorrect?
A. Bulldozers are an example of physical capital.
B. Students can be viewed as workers who have the important job of producing human capital that will be used in future production.
C. A forest is a non-renewable resource.
D. Technological progress may reduce our dependence on nonrenewable resources.
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