Human capital is knowledge in
A) books.
B) people.
C) firms.
D) government.
B
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How can the Cambridge equation be restated according to Friedman's money demand theory?
a. Md = k(rB, rE, rD)Py b. Md = k/Py(rB, rE, rD) c. Md = Py/k(rB, rE, rD) d. Md = (rB, rE, rD)Py/k
Restructuring of the natural gas industry has essentially made it a competitive industry
Indicate whether the statement is true or false
If the cross-elasticity of demand for two goods is negative, this means that:
a. only the poor will buy the goods. b. they are normal goods. c. the goods are substitutes. d. the goods are complements.
Which of the following is true if investors expect greater future profits from a company?
A. The price of the company's bonds decreases. B. The current yield on the company's bonds decreases. C. The par value of the company's bonds decreases. D. The demand for the company's bonds decreases.