Human capital is also known as
A. wages employees receive.
B. the cost of collective bargaining.
C. the cost of labor.
D. education and skill levels.
Answer: D
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If the cross-price elasticity of demand between two goods is -2.2, then the
a. two goods are substitutes b. two goods are complements c. income elasticity of demand must be between 0 and 1.0 d. goods are both normal goods e. goods are both inferior goods
The worst and most difficult to extract resources are used first
a. True b. False Indicate whether the statement is true or false
Common property is
A) a resource that everyone is free to use as much as they want. B) property that belongs to both spouses in a marriage. C) property owned by a group such as a club or a church. D) generic property as opposed to specific property.
All of the following are possible funding sources for the government EXCEPT
A. borrowing. B. taxes. C. earnings from investing in company stock shares. D. user charges.