Which of the following is not important for the development of human capital?
A. Immunizations and basic health care.
B. High levels of military spending.
C. Educational opportunities.
D. Access to water and sanitation.
Answer: B
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A decrease in the number of workers hired by a firm could result from
A) an increase in the marginal product of labor. B) an increase in the marginal revenue product of labor. C) an increase in the real wage. D) a decrease in the real wage.
A limitation one faces when shopping for clothes is the amount of time available to shop
a. True b. False Indicate whether the statement is true or false
In the article "Walmart Shutters Quebec Store as Union Closes In," the company argued all of the following except
A. It is not profitable to hire 30 additional workers at an already unprofitable store. B. Unions demanded higher labor costs that would make the store unprofitable. C. Unions impose inefficient work rules. D. The store would be the only unionized Walmart store.
All of the following are examples of institutions that promote real economic growth EXCEPT
A. strong law enforcement used to protect business interests. B. patent laws that protect innovation. C. complex rules associated with business licensing used to promote careful business growth. D. an efficient judicial system used to enforce contracts.