Human capital is
A) what people get from physical capital.
B) the accumulation of skills, training and education of workers.
C) the value of funds that entrepreneurs obtained from other people.
D) the human resources that perform the function of raising capital.
Answer: B
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A "great merger movement," whereby firms combined with former rivals to become large firms, began in the 1890s. Who was the first President to look to bigger government as a way to cope with the economic power of these concentrated industries?
(a) Woodrow Wilson (b) Herbert Hoover (c) Theodore Roosevelt (d) Franklin Roosevelt
Which of the following will tend to socialize losses and privatize gains?
A. Lowering interest rates to encourage private borrowing and investment. B. Government regulation to promote human safety and environmental protection. C. Government creating projects rather than supporting private efforts. D. Government guarantees to private investors that they will get their money back even if the company fails.
Suppose the economy is operating below the natural level of output. Discuss the arguments for and against using a devaluation in such a situation
What will be an ideal response?
Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point E to Point B, there has been
A. a decrease in supply and an increase in quantity demanded. B. a decrease in supply and an increase in demand. C. an increase in supply and an increase in quantity demanded. D. an increase in both supply and demand.