Which of the following is a part of your economics professor's human capital?
a. the things she learned at some prestigious university
b. her copy of Mankiw's text
c. her chalk holder
d. All of the above are correct.
a
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If price of a good rises, what happens to the demand for that good, all other things held constant?
A. The demand increases. B. The demand decreases. C. The demand does not change. D. The outcome depends upon the supply of the good.
The investment function implies that current output does not influence investment. Does that make sense?
What will be an ideal response?
Key influences on the valuation of economic profits include ________
A) the average level of the prices of goods and services sold B) the rental price of capital C) the wage rate D) all of the above E) none of the above
Suppose a policy change generates $200,000 of benefits for low-income families and $175,000 of costs for high-income and middle-class families. We can best describe the change as
A. potentially efficient. B. equitable. C. Pareto efficient. D. inefficient.