Lack of access to sanitation and inadequate medical care have a negative impact on the development of human capital.
Answer the following statement true (T) or false (F)
True
Education, health care, and infrastructure such as access to safe water and sanitation are the most basic foundations for the development of human capital and therefore economic growth.
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Net exports equals the balance of trade surplus
Indicate whether the statement is true or false
Is the equation of exchange an economic model?
a. Yes, it is a simple but powerful model. b. No, economic models cannot be equations. c. No, it is merely an arithmetic statement. d. Yes, it is a cause-and-effect model.
A union can be viewed as a monopoly seller of a service. What are the three wage and employment strategies the union might use?
What will be an ideal response?
Suppose that the profit maximizing level of output for the monopolist is 100 units, and ATC = $45.00; MC = $35.00; MR = $35.00; P = $45.00. What is the monopoly's profit?
A) -$1000 B) $4500 C) $0 D) $3500