The knowledge that students gain while in college is referred to by economists as human capital
a. True
b. False
A
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The manager-stockholder conflict generally becomes worse
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
The income that people earn in resource or factor markets is called:
a. disposable personal income. b. transfer payments. c. national income. d. personal income.
Assume an economy is in equilibrium at a real GDP of $5 trillion. If aggregate expenditure (AE) increases by $1 trillion, the economy's equilibrium real GDP is likely to
What will be an ideal response?
Markets exist:
A. so people can buy and sell things. B. because people are self-sufficient. C. because each person specializes in the production of many products. D. as an arrangement where buyers do not interact with sellers.