On-the-job-training is an example of
A) increasing labor force participation.
B) investment in human capital.
C) investment in physical capital.
D) technological change.
B
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Mathematically, the marginal propensity to consume is:
a. consumption divided by income. b. the change in consumption divided by the change in income. c. income divided by consumption. d. the change in income divided by the change in consumption.
The least scrutiny of management's operations occurs when ____ is the method used in corporate financing
a. stock issue b. bond issue c. plowback d. watering
A Pigovian tax is intended to:
A. counter the effect of a negative externality. B. decrease total surplus in a market. C. decrease efficiency in a market. D. All of these statements are true.
Suppose that a monopolist calculates that at its present output level, marginal cost is $4.00 and marginal revenue is $5.00. The firm could increase profits by:
A. Decreasing price and increasing output B. Increasing price and decreasing output C. Decreasing price and leaving output unchanged D. Decreasing output and leaving prices unchanged