Which of the following would not be considered an investment in human capital?
a. education
b. training programs
c. transportation infrastructure
d. literacy programs
c
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The United States had serious difficulties fighting inflation in
A) the 1970s. B) the 1980s. C) both the 1970s and the 1980s. D) every decade since World War II.
A venture capital fund wants to invest $1000 in each of one thousand mad scientists
The first scientist applying to the fund is working on the legendary pill that turns water into gasoline, and the second scientist is working on the even more legendary perpetual motion machine. The smart venture capitalist here will A) back the pill and look for 999 other scientists working on the same pill. B) back the machine and look for 999 other scientists working on the same machine. C) look for 500 scientists working on the pill and 500 working on the machine. D) back the pill, the machine, and 998 other different projects.
The Fed can influence unemployment in
a. the short run and in the long run. b. the short run, but not in the long run. c. the long run, but not in the short run. d. neither the short nor the long run.
Concerned about the political fallout from rising gas prices, the US government decides to impose a price ceiling on gasoline of $3 a gallon. If the oil-producing nations increase production and drive the equilibrium price of gasoline to $3 a gallon, ______. The market for gasoline is _____.
Fill in the blank(s) with the appropriate word(s).