Returns to investments in human capital can be calculated with great accuracy.
A. True
B. False
C. Uncertain
B. False
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Based on the above figure, which of the following is TRUE?
A) At a price of $6, quantity demanded is equal to quantity supplied. B) At a price of $4, quantity demanded is greater than quantity supplied. C) At a price of $8, quantity demanded is less than quantity supplied. D) All of the above answers are correct.
Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following bundles are in Max's opportunity set?
A) a, b, c B) b, d, e C) a, b, d D) None of the above
In which instance will total revenues decline?
A. price increases and demand is unit-elastic
B. price increases and Ed equals -2.47
C. price increases and Ed equals -.41
D. price decreases and demand is elastic
Central banks are in a position to control risk in the economy because they:
A. control short-term interest rates. B. can change taxes. C. control the economy's real growth rate. D. control the unemployment rate.