An increase in human capital
a. is of secondary importance to economic growth compared to physical capital.
b. causes the production function to shift downward and become flatter.
c. causes the production function to shift upward.
d. causes the production function to shift downward.
e. can be separated from labor.
C
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Refer to the scenario above. If Lawland's net factor payments from abroad equals zero and net transfer payments from abroad is negative, ________
A) Lawland is likely to experience a net outflow of assets B) Lawland is likely to experience a current account surplus C) Lawland is likely to experience a current account deficit D) Lawland is likely to stop trading with its trading partners A country imported goods and services worth $40 billion and exported goods and services worth $37.8 billion during a particular year.
Contrast the actions the central bank of a country would take to increase the quantity of money in an economy with the actions it would take to produce the opposite effect
Which of the following statements is an example of positive economic analysis?
A. The elderly live on a fixed income, so the government has an obligation to keep inflation rates low. B. The government should worry less about inflation and more about unemployment. C. The inflation rate is too high. D. If the government increases the rate of growth of the money supply, the inflation rate will increase, ceteris paribus.
Kobe has just eaten another cookie and his total utility increased. This means that Kobe's marginal utility for this additional cookie is
A. positive. B. negative. C. zero. D. not determinable without more information.