The idea that contact with others with high levels of human capital increases ones own human capital is called human capital
A) contagion.
B) externality.
C) transference.
D) convergence.
B
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Which of the following is most likely to be a variable cost for an airline?
A. Insurance B. Property taxes C. Jet fuel D. The lease payment on the building where the airline’s headquarters are located.
The typical value for the MPC is less than 1.0
a. True b. False Indicate whether the statement is true or false
Raf is considering buying a new car. Which of the following would the average economist believe is most influential in determining whether or not he decides to make the purchase?
a. how much remains on the mortgage to his home b. how much income remains after he has paid taxes and all required debts c. how much total credit remains on his credit cards d. how much his home would sell for if he were to put it on the market today
The basic concept behind strategic trade policy is that free trade is the best policy to pursue, but some countries don’t play by those rules. Therefore,
A. it makes no sense to engage in trade at all, and it makes sense to be self-sufficient. B. it makes sense to restrict imports of items that are of military significance in order to maintain a strong defense posture. C. it makes sense to threaten to protect markets unless other nations agree to open theirs. D. it makes no sense to export items of strategic importance to other nations, because they should make them on their own.