An example of human capital would be:
A. your computer.
B. your writing skills.
C. your desk.
D. None of these is an example of human capital.
B. your writing skills.
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Which statement is most accurate with respect to the federal government's land policies in the 19th century?
A. It gave away land, and rarely if ever charged even a token amount per acre. B. It gave away a lot of land and charged a token amount for the rest. C. It gave away no land, but charged only a token amount. D. It charged a fairly substantial amount for the land it sold.
Scarcity forces people to
A) cheat and steal. B) consume as much as they can as quickly as they can. C) choose among available alternatives. D) live at a low standard of living. E) be unwilling to help others.
If a seller can sell 5 units at $8 each and can sell a 6th unit separately for $7 (the people willing to pay $8 don't learn about the reduced price), the marginal revenue from selling the 6th unit is
A) $47. B) $7.50. C) $7. D) $2. E) none of the above.
If the dollar appreciates against the Mexican peso
A) U.S. exports to Mexico become less expensive. B) The value of Mexican imports to the United States does not change. C) Mexican imports to the U.S. become more expensive. D) U.S. exports to Mexico become more expensive.