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Lauren1 Lauren1
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Posts: 4120
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9 years ago
China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults."
   www.nytimes.com, Keith Bradsher, October 19, 2008

Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, we would expect
I.   an expansion of China's production possibilities.
II.   capital accumulation.
III.   an increase in human capital.
A) I and II only
B) I, II and III
C) I and III only
D) II and III only
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
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#2
9 years ago
Thank you, this really, really helps Heavy Heart
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#3
9 years ago
You're welcome!
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#4
3 years ago
Thank You ! as I was told to
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#5
3 years ago
Thank you!
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#6
3 years ago
Y
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