A government policy of providing free public education is an example of a policy to promote economic growth by:
A. increasing the availability of natural resources.
B. increasing physical capital.
C. improving technology.
D. increasing human capital.
Answer: D
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Refer to the figure below. If Jess chooses A, then Cory's best response is:
A. to choose the cell in which Cory's payoff is 10. B. non-existent. C. to choose B. D. to choose A.
In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per cookie for Mohammed is
a. $5 b. 5 sweaters c. 48 sweaters d. 1/48 of a sweater e. 48 cookies
When earnings differentials are adjusted for such factors as age, education, and marital status, the
a. differential between the earnings of white males and those of minority males increases. b. differential between the earnings of white males and those of minority males decreases. c. corrected earnings of minority males are equal to those of similar white men. d. corrected earnings of minority males are greater than those of similar white men.
When you make a routine, everyday decision it is called
a. habit b. programmed c. nonprogrammed d. geocentric