Capital, like human capital, makes labor more productive. A truck driver can produce vastly more transportation services

Question:

Capital, like human capital, makes labor more productive. A truck driver can produce vastly more transportation services than someone pushing a hand cart; the Interstate highway system enables us to produce vastly more transportation services than was possible on the old highway system that preceded it.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

Question Posted: