Which of the following would be a private cost to a cigarette manufacturer?
a. Price of leaf tobacco.
b. Cost to the government of the hospital expenses of indigent smokers.
c. Increased risk of cancer to the nonsmoking passengers in the smoker's carpool.
d. Price of a pack of cigarettes.
e. The loss in utility received because the smoker must stand outside her office building in the winter to smoke.
a
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Human capital includes investments in education and skills
Indicate whether the statement is true or false
If there is a rise in the price level, there is a(n) ________ movement along the AS curve because there is ________ in the quantity of real GDP supplied
A) upward; a decrease B) downward; an increase C) upward; no change D) upward; an increase E) downward; a decrease
An important critique of real business cycle theory is the belief that cyclical movements in total factor productivity
A) rarely occur. B) may, in part, be an artifact of measurement error. C) lead to imperceptible changes in labor demand. D) are too small to account for the size of fluctuations in real GDP.
In the antebellum period, the largest source of employment was:
a. the agricultural sector. b. the manufacturing sector. c. government (local, state and federal) d. the service industry.