It is possible to analyze education decisions in a manner similar to the decision to acquire more
A. capital.
B. leisure.
C. work.
D. goods and services.
Answer: A
You might also like to view...
Physical or technological facts are by themselves never sufficient to measure efficiency because
A) what is efficient changes over time. B) efficiency is a ratio between evaluations. C) more complex technological processes are inevitably more efficient. D) physical or technological data can never be known precisely. E) we can never be sure we are using the most advanced technology.
Kathy and Amy paint pictures and do caricatures to sell to tourists. In one day, Kathy can either paint two pictures or do four caricatures. In one day, Amy can either paint three pictures or do three caricatures
For both Kathy and Amy, what is the opportunity cost of painting one picture? Who has the comparative advantage in painting pictures and who has the comparative advantage in doing caricatures? How might they be able to increase their total output?
When inflation is very low, how do workers and firms adjust their expectations of inflation?
A) They tend to ignore inflation. B) They are more aggressive in asking for wage and price increases. C) They rapidly adjust their expectations of inflation downward. D) They rapidly adjust their expectations of inflation upward.
In monopolistic competition, firms can have some market power
A. because of barriers to entry into the industry. B. by producing differentiated products. C. because of barriers to exit from the industry. D. by virtue of size alone.