An example of the opportunity to gain human capital would be:
A. a firm offering on-the-job training.
B. a firm starting a community garden for its employees.
C. a firm expanding and creating 20 more jobs.
D. All of these are examples of human capital.
Answer: A
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Can nominal GDP decrease when the price level remains the same?
A) No, it is not possible. B) Yes, but only if real GDP decreases. C) Yes, but only if real GDP increases. D) Yes, but only if real GDP remains the same as well.
Which of the following statements about the percent of the population aged 25 years and above completing high school in 2000 is most accurate?
a. African Americans graduate at a rate about 10 percentage points less than whites, and Hispanics graduate at a rate about 30 percentage points less than whites. b. African Americans and Hispanics graduate at the same rate that whites do. c. Hispanics graduate at the same rate as whites, but African Americans graduate at much lower rates. d. Hispanic and black males graduate at the same rate as white males, but Hispanic and black females graduate at much lower rates than white females.
The parameters of an econometric model _____.
A. include all unobserved factors affecting the variable being studied B. describe the strength of the relationship between the variable under study and the factors affecting it C. refer to the explanatory variables included in the model D. refer to the predictions that can be made using the model
In the long run, profits in a monopolistic competition market are zero because:
a. of government regulations. b. of collusion. c. firms are free to enter and exit the market. d. firms produce a differentiated product.