Solved

Which of the Following Statements Is Most Accurate About Capital

Question 6

Multiple Choice

Which of the following statements is most accurate about capital accumulation in a market system?


A) Capital accumulation is generally insufficient because consumers don't directly cast dollar votes for capital goods.
B) The invisible hand directs the production of consumer goods, but government planning is required to effectively allocate resources to capital goods.
C) Capital good production is the primary driver of the demand for consumer goods.
D) Entrepreneurs and business owners cast dollar votes for capital goods based on the profitability of goods and services they sell to consumers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents