A worker's skills and knowledge are types of social capital.
Answer the following statement true (T) or false (F)
False
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The definition of the velocity of money is
a. the money supply multiplied by prices divided by transactions. b. the number of times a unit of currency changes hands over a perid. c. money supply times prices divided by transactions. d. the fraction of total income held as money.
The price elasticity of demand for Rosie's Roses fresh flowers the week of Valentine's Day is 1.10 and is 1.60 other days of the year. If Rosie's Roses faces a constant marginal cost of $0.75 per rose, what is the profit-maximizing peak-load price to charge the week of Valentine's Day?
A) $8.25 B) $2.00 C) $6.50 D) $11.00
According to the search model, Consumer Reports magazine benefits consumers by increasing the marginal benefit of information
a. True b. False
The productivity speed-up in the United States began in the
a. mid 1970s. b. mid 1980s. c. mid 1990s. d. beginning of 2001.