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If It Is Cheaper in the Long-Run to Use a New

Question 32

Multiple Choice

If it is cheaper in the long-run to use a new metal plow that lasts a long time than an inferior wooden plow that needs to be replaced often, then this is an example of:


A) A capital-using technology
B) A capital-saving technology
C) Capital consumption
D) Private capital flows

Correct Answer:

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