The ownership of human capital
a. is typically embodied in related physical capital.
b. may be subject to government restrictions on transferability.
c. is not easily transferable.
d. All of the above are correct.
c
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According to the income-expenditure approach, ________ reduce consumption and other elements of aggregate expenditures, resulting in a ________ in real GDP demanded. Thus the aggregate demand curve is ________
a. lower prices; decrease; upward-sloping b. higher prices; increase; downward-sloping c. higher prices; decrease; downward-sloping d. higher prices; increase; upward-sloping
Why do street performers face a free-rider problem? How do they try to reduce this problem?
Please provide the best answer for the statement.
Which of the following is considered a negative supply shock?
A) an unexpected decrease in the refining capacity for oil B) an improvement in technology C) increasing immigration in the economy causes the labor supply to rise D) an increase in unemployment
If the demand for a product increases in an increasing cost industry, as the market adjusts in the long run:
a. price will rise. b. the firm's per-unit cost will increase. c. the firm's per-unit cost will fall. d. the market price will return to its initial position.