ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Opportunity costs.
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Gross domestic product.
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Investment in human capital.
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Investment in capital goods.
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Detailed explanation-1: -Brazil has one of the world’s larger economies. Its economy is mixed and based largely on a free-market (capitalist) system but with some government controls-for example, taxes and limitations on trade and on industrial pollution.
Detailed explanation-2: -Which of the following scenarios is an example of an investment in physical capital? A firm purchases new equipment for a manufacturing process.
Detailed explanation-3: -Education, training, and health are the most important investments in human capital.
Detailed explanation-4: -Capital good investments in industries help counters make more profit because they are able to make more of a product for less. Mexico and Brazil have both made capital good investments in their petroleum extraction and refining technologies.