Janet is a farmer. Which of the following are included in her human capital?
a. her tractor and what she's learned from experience
b. her tractor but not what she's learned from experience
c. what she's learned from experience but not her tractor
d. neither her tractor nor what she's learned from experience
c
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A source of economic growth is:
a. unemployment. b. inefficiency. c. less resources. d. greater entrepreneurship.
A demand curve shows the relationship between price and quantity demanded, "other things remaining constant." The other things that remain constant include all of the following except the: a. price of the product
b. price of complementary products. c. price of substitute products. d. number of consumers in the demographic group purchasing the product.
In 1998, living standards in the United States were nearly ______ times higher than those in Africa
A. 3 B. 8 C. 14 D. 20
Refer to the given data. This firm is selling its product in:
A. an imperfectly competitive market at prices that decline as sales increase.
B. a purely competitive market at $3 per unit.
C. a purely competitive market at $2 per unit.
D. an imperfectly competitive market at $3 per unit.