Which of the following would be used to cure a defect in title of real property?
a. A mortgage
b. A quitclaim deed
c. Title insurance
d. Contract for purchase and sale
Answer: b. A quitclaim deed
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Human capital is
A. the factories and machinery made by workers. B. the talents, training, and education of workers. C. the financial resources available to humans for investment. D. the factories and machinery used by humans in the production process.
In the above figure, B is the current long-run aggregate supply curve and E is the current short-run aggregate supply curve
If there is an increase in the full-employment quantity of labor, then the long-run aggregate supply curve and the short-run aggregate supply curve A) remain B and E. B) shift to A and D, respectively. C) shift to C and F, respectively. D) remain at B and shift at F, respectively.
The amount of cost cutting technical innovation introduced into a production process is a function of:
A) technology only. B) technology and consumer acceptance. C) consumer acceptance only. D) none of the above.
Since the 1980s, China's output per person has increased tremendously. Which of these possible contributors to economic growth in China is a good example of a positive supply shock?
A) high levels of saving and investment B) declining rate of population growth C) rising consumption of energy D) all of the above E) none of the above