Which would not be considered as capital (or an economic resource) by an economist?
a. A crane used by a building contractor
b. A share of corporate stock issued by General Motors
c. An automobile used by General Electric
d. A razor used by a barber
b. A share of corporate stock issued by General Motors
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What is an income statement?
What will be an ideal response?
Because of diminishing returns, an economy can continue to increase real GDP per hour worked only if
A) the per-worker production function shifts downward. B) there is technological change. C) there are decreases in human capital. D) there continue to be decreases in capital per hour worked.
The inflation tax is primarily a tax on
A) government bonds. B) Social Security recipients. C) money. D) real income.
Which does an intention-to-treat parameter measure in a program evaluation study?
A. The effect of participation in the program. B. The effect of the program on those who were eligible but did not participate. C. The effect of being eligible to participate in the program. D. The effect on the probability of participation due to being eligible to participate.