A country that increased its literacy rate and thereby its average human capital would probably
A. Increase GDP.
B. Have not impact on GDP.
C. Decrease GDP.
D. None of the choices are correct.
Answer: A
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Hubert's Copy Services is in perfect competition. Hubert currently charges 10 cents per page, which is the going market price. He thinks that he can increase his profit by raising the price. Is it possible? Why or why not?
What will be an ideal response?
Assume the properties of normal indifference curves. Where will a consumer maximize their utility?
What will be an ideal response?
The most prestigious stock market in the world is the
A) New York Stock Exchange. B) Chicago Mercantile Exchange. C) London Stock Exchange. D) Tokyo Stock Exchange.
Which term do economists use to refer to a difference in wages that arises from nonmonetary characteristics of different jobs?
a. non-pecuniary differentials b. compensating differentials c. fundamental differences d. idiosyncratic differences