Which of the following statements is correct?
a. Human capital per worker is a determinant of productivity.
b. A nation cannot be highly productive in producing goods and services without abundant quantities of natural resources.
c. Human capital and technological knowledge are the same thing.
d. All technological knowledge is proprietary.
a
You might also like to view...
Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on
A) only those holding the actual debt. B) purchasers of gasoline and luxury items. C) all taxpayers. D) those who invest in the stock market.
Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.
The socially optimal level of output is ________ units per day.
A. I B. F C. G D. H
Figure 15-1
In , AD1 and SRAS1 indicate initial conditions in the goods and services market. In the short run, which of the following will most likely result from a shift to a more expansionary monetary policy under the adaptive expectations hypothesis?
a.
price level P1 and output Y1
b.
price level P2 and output Y2
c.
price level P3 and output Y1
d.
price level P1 and output Y2
Which of the following is a feature of a Dutch auction?
A. The auctioneer begins with a very high asking price. B. Bidders write their valuation in a paper simultaneously and separately. C. The winner pays the second-highest bidder's valuation. D. More than one bidder will announce their valuation.