One example of human capital is the amount of savings that you have
Indicate whether the statement is true or false
FALSE
You might also like to view...
In what ways can economists help auto manufacturers estimate the marginal rate of substitution between features such as vehicle interior size and acceleration?
A) Examining production cost data B) Conducting consumer surveys about willingness to pay for auto features C) Solving the standard consumer model D) Statistically analyzing historical data on purchases of different types of autos E) B and D only
According to the principle of marginal productivity, if
a. the product price is less than MRP, the firm is using too little of the input. b. the price of an input rises, the quantity demanded of the input will increase. c. MRP is greater than product price, the firm should reduce the use of the input. d. price of the input equals MRP, the firm is maximizing profit.
In the _______________, marginal product becomes negative and total plant output decreases.
Fill in the blank(s) with the appropriate word(s).
Stock and Watson found that ________ was responsible for about 20-30 % of the reduction in output volatility that occurred in the mid-1980s.
A. reduced shocks to productivity B. better monetary policy C. reduced shocks to food and commodity prices D. better inventory control