Investment in human capital has opportunity costs, but investment in physical capital does not
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following regions had the most impressive growth rate between 1960 and 2011?
A) India B) East Asia C) Latin America D) Sub-Saharan Africa
The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period
a. 1948-1973 b. 1973-1995 c. 1995-2005 d. 1948-2005
Luther’s family earns $100,000 per year. Based on the table showing income distribution in the United States in 2017, they are in the ______.
a. bottom fifth
b. second fifth
c. fourth fifth
d. top fifth
If the long-run average total cost curve is rising as output increases, then the firm faces diseconomies of scale.
Answer the following statement true (T) or false (F)