The set of skills, knowledge, experience, and talent that determine the productivity of workers is called:
A. human capital.
B. physical capital.
C. capital per worker.
D. worker per capita.
A. human capital.
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Use the figure below to answer the following question:PriceQuantity Supplied$101089684726Over the $10 to $8 price range, the price elasticity of supply is
A. greater than 1. B. 1. C. less than 1. D. zero.
Which of the following statements is true?
A) The production possibilities curve of a nation is fixed in the long run. B) The production possibilities curve can only shift to the right. C) The production possibilities curve of an economy is concave to the origin. D) The slope of the production possibilities curve represents the ratio of the marginal cost of producing goods.
The average revenue curve can also be described as the demand curve
a. True b. False Indicate whether the statement is true or false
Describe how the government differs from private firms and individuals participating in a market
Please provide the best answer for the statement.