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You are running a small hotel in the mid-1940s and your firm just got its first washing machine. The washing machine in this case is
You are running a small hotel in the mid-1940s and your firm just got its first washing machine. The washing machine in this case is an example of _____ and thus contributes to economic growth. Also, the time saved on washing linens can result in more _____ because the firm has more time to pursue other ideas and economic activities. physical capital; economic growth human capital; economic growth physical capital; property rights human capital; property rights
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