Output rises as workers become more educated and skilled.

Answer the following statement true (T) or false (F)


True

Additional human capital is additional input, which increases the output of the aggregate production function.

Economics

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A country experiencing a debt or currency crisis would contact the World Bank

Indicate whether the statement is true or false

Economics

Historical note concerning U.S. price levels: During the 1970s, with the onslaught of OPEC oil price increases

a. inflation occurred and it was primarily cost-push b. inflation was approximately zero because the Vietnam war ended and the demand for military goods fell dramatically c. deflation was persistent d. inflation occurred and it was primarily demand-pull e. stagflation, the difference between inflation and deflation, was approximately zero

Economics

Ashley decreases her consumption of Good A after the price of Good B decreased. For Ashley

A) Good A and Good B are substitutes. B) Good A and Good B are complements. C) Good A is an inferior good. D) Good B is an inferior good.

Economics

Referring to Figure 34.4, the number of tickets that this promoter will choose to sell will Figure 34.4 

A. sell out the facility and will be more than capacity. B. be more than capacity. C. be such that there are many empty seats. D. sell out the facility.

Economics