Question

Which term refers to a nation's transportation and communications networks, power generating facilities, educational institutions, and legal, economic, and financial systems?

a. capital stock
b. infrastructure
c. public sector
d. utilities

Which statement is not true?
a. Price signals distorted by extreme inflation or deflation lead to uncertainty and lower the ability of citizens to make good decisions.
b. Countries with relatively large public sector shares in the economy have the highest growth rates in GDP per capita.
c. Establishing and protecting property rights are key elements that promote economic growth.
d. The legal enforcement of contracts promotes economic growth.

Answer 1

b. infrastructure

b. Countries with relatively large public sector shares in the economy have the highest growth rates in GDP per capita.

Step-by-step explanation:

The capital stock refers to physical, tangible capital assets, and utilities refer to services like power, water, communications, etc.

The public sector refers to the resources under the government's control as opposed to private citizens.

All of these are part of the more general infrastructure, which also includes other things that determine how well an economy functions.

Property rights, enforceable contracts, and stable prices all contribute to economic growth. The conventional wisdom now is that more economic freedom, as opposed to public sector programs, leads to higher growth rates.