Which of the following would be most likely to result in stagflation?
A. Worker training programs.
B. Lower illiteracy rates.
C. Growth of human capital.
D. Increased government regulations on industry.
Answer: D
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If the market price is $5 and you are currently producing at a level where average total cost is $3 and falling, you should
a. b or c, it doesn't matter b. shut down c. produce only enough to cover variable costs d. produce where MR = MC e. produce until the average total cost and average revenue are equal
According to Piketty, economic history is the story of a race between:
a. capital accumulation b. population growth c. technological progress d. all of the above e. a and c only
The sale of either stocks or bonds to raise money is known as equity finance
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct?
a. The human-capital theory of education could be called a productivity-enhancing theory. b. The human-capital theory of education could be called a productivity-revealing theory. c. The signaling theory of education could be called a productivity-enhancing theory. d. The signaling theory of education has been disproven by a number of prominent economists.