Human capital does not improve with
A. higher learning.
B. on-the-job training.
C. higher wages.
D. learning on the job.
Answer: C
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GDP can be measured as each of the following except:
A. total business revenues. B. total expenditure on final goods and services. C. the market value of production. D. incomes of capital and labor.
A fall in the price of X from $12 to $8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?
A) 0.5 B) -0.5 C) 2 D) -2
Why are trade agreements between the U.S. and Mexico more controversial than trade agreements between the U.S. and Canada?
What will be an ideal response?
Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate
A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease