You acquire human capital by:
A. investing in health care.
B. gaining experience in jobs.
C. getting an education.
D. All of these are true.
Answer: D
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__________ are the best example of securities that trade primarily in a brokered market
A) Common stocks B) Corporate bonds C) Municipal bonds D) Tombstones
Explain how a market demand curve is constructed
What will be an ideal response?
An example of a sunk cost would be:
A. the price of a lift ticket you bought and used to ski the whole day. B. the nonrefundable deposit you put on your vacation rental. C. the price of a lift ticket you bought and used for 1 run before you fell and broke your ankle. D. All of these are examples of sunk costs.
The production of agricultural products such as wheat or corn would best be described by which market model?
A. Pure competition B. Pure monopoly C. Monopolistic competition D. Oligopoly