Which of the following is NOT considered to be a factor in the determination of a person's marginal productivity?
A) innate abilities such as high intelligence
B) investment in human capital such as education
C) on-the-job training
D) the elasticity of supply of labor
D
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The greater the degree of substitutability between capital and labor, the greater will be the downward shift in the cost curve when wage falls.
Answer the following statement true (T) or false (F)
How are the patterns of international trade, that is the pattern of what different countries export and import, explained?
What will be an ideal response?
What are the effects of a tariff on a good?
What will be an ideal response?
Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. With a required reserve ratio of 12 percent, XYZ Bank would have excess reserves of
A. $100,000. B. $48,000. C. $12,000. D. $52,000.