Which of the following will NOT increase a worker's human capital?
A) more work experience
B) more training
C) more schooling
D) a higher wage rate
D
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Consider the utility function 
. If 
, the elasticity of substitution is equal to 
.
Answer the following statement true (T) or false (F)
The products in a monopolistically competitive industry are:
A. heterogeneous. B. competitive. C. homogeneous. D. uncompetitive.
Government statisticians adjust GDP figures to include estimates of
A. the costs of pollution to society. B. the underground economy. C. child-rearing services provided by stay-at-home parents. D. the value of homemaking (work done within the home).
If the marginal cost curve is below the average variable cost curve, then
A. average variable costs are decreasing. B. average variable costs are increasing. C. marginal cost must be decreasing. D. average variable costs could either be increasing or decreasing.