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Questions and Answers
Which of the following best describes the decision-making process for investment in physical capital?
Which of the following best describes the decision-making process for investment in physical capital?
- It is a random process without any conscious decision-making
- It is influenced by peers, educators, and society
- It is solely based on the expected rates of return
- It is based on the knowledge and expertise of the entrepreneur (correct)
What is the main factor influencing the ownership of physical capital?
What is the main factor influencing the ownership of physical capital?
- The conscious decision of the owner (correct)
- The economic and technical process
- The influence of peers and society
- The expected rates of return
When does a substantial part of human capital formation take place?
When does a substantial part of human capital formation take place?
- During tertiary level education
- During childhood with parental and societal influence (correct)
- During conscious investment decisions
- When individuals are unable to decide on maximizing their earnings
Who influences the decisions regarding human capital investments at the tertiary level?
Who influences the decisions regarding human capital investments at the tertiary level?
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What is the outcome of conscious investment decisions for capital formation?
What is the outcome of conscious investment decisions for capital formation?
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