Every good that the government provides is an example of a public good.
Answer the following statement true (T) or false (F)
False
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What are the sources of human capital?
What will be an ideal response?
Big-push development projects normally require government funding because private sources are unwilling, and often unable, to support such large projects
Indicate whether the statement is true or false
Marta’s country has advanced technology and highly educated workers. In Jin’s country, workers are also highly educated and have access to the same advanced technology available in Marta’s country. However, the workers in Jin’s country produce more output. What is the most likely cause of this difference?
a. Jin’s country has a smaller population. b. Marta’s country has more people splitting the work. c. Jin’s country has more and better-quality tools, machinery, and factories. d. Marta’s country has better laws protecting property and investments.
Capital gains are profits that you earn on the sale of your
A. labor. B. money. C. financial asset. D. economics textbook.