Which of the following is not an example of human capital investment?
A. A bachelor's degree
B. Software with spell-check included
C. A leadership training course
D. All of these are examples of human capital investment.
Answer: B
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The GDP deflator is a measure of the overall change in prices in an economy:
A. based on goods and services valued at constant prices. B. using the ratio of real to nominal GDP. C. based on price-changes determined when output is held constant. D. using the ratio of nominal to real GDP.
Suppose that in 2009 the total value of exports was $250 million, while imports were $225 million. The contribution of net exports to GDP was
a. $250 million b. $25 million c. $475 million d. $225 million e. -$25 million
An increase in land rents
A. will bring some previously zero-rent land into productive use. B. will lead to land to be used less intensively as its marginal revenue product has decreased. C. will lead to an increase in the marginal revenue product of all inputs used in production on the land. D. will lead to an increase in the marginal revenue product of all inputs used in production except for the land.
The region of the country that is least hospitable to union organizing is the ___________.
Fill in the blank(s) with the appropriate word(s).