Two variables are related by an accounting identity when:

A) the two variables are mathematically identical.
B) the two variables have a negative relationshi


A

Economics

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An example of human capital is:

A. plumbing skills. B. a wrench. C. a manual on how to install a sink. D. a wedding dress.

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If goods are completely unrelated, their cross price elasticity will

A) be greater than one. B) be less than one. C) be equal to zero. D) be negative.

Economics

If in the short run total product is decreasing as more workers are hired, then the marginal physical product is

A. positive. B. increasing. C. negative. D. zero.

Economics

The market in which the currency of one country is traded for the currency of another country is called

A. the futures market. B. the commodities market. C. the foreign exchange market. D. the international trade market.

Economics