________ increases with education, training, and job experience. i. Physical capital ii. Human capital iii. Financial capital
A) i only
B) ii only
C) iii only
D) Both ii and iii
E) i, ii, and iii
B
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An increase in price will decrease demand.
Answer the following statement true (T) or false (F)
Recall the Application. The idea regarding the relationship between tax rates and tax revenues proposed by Yu Juo is very similar to the idea proposed by economist
A) Arthur Laffer. B) Adam Smith. C) Ben Bernanke. D) David Ricardo.
Refer to the table above. The current account balance is
A) -$100 billion. B) -$200 billion. C) $100 billion. D) $1,900 billion. E) $200 billion.
The imposition of a quota ________ domestic production, ________ imports, and ________ domestic purchases
A) decreases; increases; decreases B) increases; decreases; increases C) increases; decreases; decreases D) decreases; decreases; decreases E) increases; increases; increases