Human capital is
a. money used by an entrepreneur to build a business
b. another expression for slave labor
c. a concept used by sociologists but not economists
d. knowledge and skills acquired through education and training
e. a robot
D
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How does the goods market return to equilibrium if AE is less than production?
What will be an ideal response?
Graphically, the market supply curve is obtained by
A) changing the ceteris paribus conditions. B) a change in quantity supplied. C) horizontally summing quantity supplied at various prices for individual producers. D) vertically summing quantity supplied at various prices for individual producers.
When a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling bonds
a. True b. False Indicate whether the statement is true or false
Profit per unit can be expressed as price ? cost per unit.
Answer the following statement true (T) or false (F)