Human capital refers to the:
A. production per capita.
B. skills, experience, and natural talent that determine the productivity of workers.
C. the machinery and tools that labor can use for production.
D. amount of people a firm has access to for production.
Answer: B
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If inventories decline by more than analysts predict they will decline, this implies that
a. actual investment spending was greater than planned investment spending. b. actual investment spending was less than planned investment spending. c. actual investment spending was equal to than planned investment spending. d. there is no relationship between actual investment spending and planned investment spending.
Research in history and economic history shows that before 1880, significant federal participation in the markets of the American economy occurred
Indicate whether the statement is true or false
Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. The slope of the line between Points A and B is
A. 1.5. B. 0.67. C. -0.67. D. -1.5.
According to the Pew Charitable Trust methodology for identifying the middle class, if people near the boundary between the upper middle and highest income class lose income, the middle class will ________
A. increase, but that is unambiguously a good thing. B. shrink, but that is unambiguously a good thing. C. increase, and that is unambiguously a bad thing. D. shrink, and that is unambiguously a bad thing.