Investment in human capital implies:
a. investment on machines, technological development, and equipments.
b. expenses on education.
c. expenses on paying interest for hiring real capital.
d. expenses on the purchase of land.
e. profit of the entrepreneurs.
b
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The following table shows values of annual real GDP per capita over time. Use it to answer the next question.1810$1,5001860$2,1001910$3,9001960$18,0002010$43,600Between which years was the rate of growth in real GDP per capita the highest?
A. 1960 to 2010 B. 1860 to 1910 C. 1810 to 1860 D. 1910 to 1960
Which of the following statements is TRUE?
A. American exports become cheaper for the British when the dollar appreciates. B. Imports from Britain become less expensive for U.S. customers when the dollar depreciates. C. American exports become more expensive for the British when the dollar appreciates. D. Imports from Britain become more expensive for U.S. customers when the dollar appreciates.
Refer to the diagrams. The numbers in parentheses after the AD 1 , AD 2 , and AD 3 labels indicate the levels of investment spending associated with each curve, respectively. All numbers are in billions of dollars. If the interest rate is 6 percent and the goal of the Fed is full-employment output of Q f , it should:
A. increase the interest rate from 6 percent to 8 percent.
B. decrease the interest rate from 6 percent to 4 percent.
C. decrease the interest rate from 6 percent to 2 percent.
D. maintain the interest rate at 6 percent.
The United Auto Workers union is largely responsible for the historically high pay of American auto workers by negotiating pay raises above those obtained by workers in other industries. In addition to increasing the pay of auto workers, what other long-run effect would this high pay have on the use of auto workers?
What will be an ideal response?