When Skippy the sailor forgets how to tie a slip knot his:
A. human capital decreases.
B. human capital increases.
C. human capital is unaffected.
D. None of these is true.
A. human capital decreases.
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Use the following diagram to answer the next question.
Which of the following would cause a move from MS1 to MS2?
A. The banking system decides to hold less excess reserves and make more loans. B. The federal funds rate increases. C. The discount rate is increased by the regional Federal Reserve banks. D. The Federal Open Market Committee decides to sell bonds.
What is the key assumption about a consumer's marginal rate of substitution?
What will be an ideal response?
The best measure of a country's living standard is______
a. real gdp per capita b. average annual investments c. CPI-based inflation rates d. the minimum wage
The double taxation of corporate profit in the United States refers to the fact that
A) tax rates on partnerships are very high. B) depreciation is not a deductible expense. C) corporate profit is first taxed and then any dividends paid are subject to personal income tax. D) proprietorships are not subject to any tax on earnings.