In general, as individuals undertake additional years of schooling,
A) their stock of human capital increases.
B) the marginal productivity of individuals as workers declines.
C) the marginal benefit to society of the extra years of education increases.
D) the marginal productivity of individuals as workers becomes negative.
A
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Which of the following is provided by Supplemental Security Income (SSI)?
a. Cash support for the disabled and elderly poor b. Debit cards for the poor to purchase food c. Rent assistance for the poor and near-poor d. Food assistance for pregnant women and newborns
What is Calvin’s opportunity cost to produce 3/4 pound of food?
a. 1/2 yard of cloth
b. 1 yards of cloth
c. 1-1/2 yards of cloth
d. 2 yards of cloth
Give a scenario that shows how a situation could develop in which firms would NOT want to enter or exit a monopolistically competitive industry.
What will be an ideal response?
As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. increases; increases B. decreases; increases C. decreases; decreases D. increases; decreases