The accumulated training and education that you have is
A) physical capital.
B) entrepreneurship.
C) economic goods.
D) human capital.
Answer: D
Economics
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The slope of the planned expenditure line is
A) autonomous consumption. B) the marginal propensity to save. C) autonomous planned spending. D) the marginal propensity to consume.
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"To be useful, a model must be completely realistic." Evaluate
What will be an ideal response?
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The percentage of the burden of an excise tax that is borne by sellers generally depends on the
a. size of the tax. b. relationship between the elasticity of demand and the elasticity of supply. c. elasticity of demand. d. elasticity of supply.
Economics
What stage of the business cycle immediately follows the trough?
a. Recession b. Peak c. Depression d. Recovery
Economics