The investment in human capital through education and training can result in
A. Reduced output per labor hour.
B. Greater productivity.
C. Less capital-intensive production.
D. Low factor mobility.
Answer: B
You might also like to view...
The long-run Phillips curve is the relationship between
A) unemployment and the price level at full employment. B) unemployment and the inflation rate at the expected price level. C) inflation and unemployment when the economy is at full employment. D) inflation and real GDP at full employment. E) inflation and the expected inflation rate.
Miyu’s country has a higher saving rate than Arjun’s country. It is reasonable to assume that ______.
a. Arjun’s country will have greater economic growth than Miyu’s b. Miyu’s country has lower rates of investment than Arjun’s c. Miyu’s country will have greater economic growth than Arjun’s d. Arjun’s country has higher rates of capital formation than Miyu’s
Which of the following functions does the Fed perform?
A. Printing money B. Holding bank reserves C. Providing loans to other countries D. All of the above are functions the Fed performs.
The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________
A) causing an upward spike in the real interest rate B) reducing autonomous spending by households and businesses C) reducing government spending on high-tech equipment D) all of the above E) none of the above