Ralph is a plumber. Which of the following are included in his human capital?
a. the knowledge he learned on the job, and the tools he uses
b. the knowledge he learned on the job, but not the tools he uses
c. the tools he uses, but not the knowledge he learned on the job
d. neither the knowledge he learned on the job nor the tools he uses
b
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Let D = demand, S = supply, P = equilibrium price, and Q = equilibrium quantity. What happens in the market for electric vehicles if the government offers incentives to manufacturers to produce more electric vehicles?
A) S increases, D no change, P decreases, Q increases B) D no change, S increases, P decreases, Q decreases C) D increases, S no change, P and Q increase D) D and S increase, P and Q decrease
During the 100 years before the Revolutionary war, shipping costs were reduced by nearly:
a. 10 percent. b. 25 percent. c. 50 percent. d. 70 percent. e. Shipping costs increased during that period.
To arrive at a complete theory of exchange rate determination, we use:
a. the short-run monetary approach, the long-run monetary approach, and a good dose of common sense. b. the short-run asset approach, the long-run monetary approach, and real interest parity. c. real-world phenomena such as sticky prices, government inefficiency, and imperfect markets. d. information on financial markets, political realities, and the large government debt.
A stock’s dividend yield is the
a. dividend as a percentage of the price per share.
b. stock price as a percentage of the dividend.
c. dividend as a percentage of the retained earnings per share.
d. retained earnings per share as the percentage of the dividend.