Human capital is a type of social capital.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The Kennedy Tax Cut, enacted in 1964 after his death, was the first supply-side tax cut used in U.S. history. Its intent was to stimulate the economy by reducing tax rates in order to do what?
(a) Reduce supply (b) Increase production, employment and disposable income (c) Increase government spending (d) Increase the money supply
What occurs in the second stage of economic development?
A) Most of the labor force works in agriculture. B) The service sector comes to the forefront. C) The manufacturing sector declines in importance. D) Manufacturing gains in importance and employs a large portion of the labor force.
The incentive to consume tax-deductible goods, instead of nondeductible goods, increases when
a. marginal tax rates are high. b. marginal tax rates are low. c. the inflation rate is low and relatively stable. d. This is a trick question: the consumption of tax-deductible goods is not affected by marginal tax rates.
In a system of 100-percent-reserve banking, the purpose of a bank is to
a. make loans to households. b. influence the money supply. c. give depositors a safe place to keep their money. d. buy and sell gold.