Firms that offer to pay for college tuition for their employees are investing in ________ capital.
A. tangible
B. social
C. productive
D. human
Answer: D
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Let's assume Ben can produce 3 units of a material good (M) or 3 units of a spiritual good (S) in a day, while Cal can produce 1 M or 2 Ss in a day. Both Ben and Cal can potentially produce a larger combination of M and S
A) if Ben specializes in S and Cal in M and they exchange with one another. B) if Ben specializes in M and Cal in S and they exchange with one another. C) if Ben specializes in both goods and doesn't exchange with Cal. D) only if Cal finds a way to also produce 3 M and 3 S per day.
An advantage to American banks from operating foreign branches is that Eurodollar deposits in offshore branches are
A) not subject to reserve requirements. B) insured by the FDIC. C) subject to extensive regulatory supervision. D) all demand deposits that pay no interest.
Social Security Income (SSI) is available for all, except
A. aged. B. immigrants. C. blind. D. disabled.
Wild animals are likely to be
A) private property. B) endangered species. C) domesticated by humans. D) all of the above.