Which of the following contributed to the clear advancement of the automobile and steel industries?
(a) Oligopoly behavior
(b) Voluntary export restrictions
(c) Quotas set for the number of foreign products entering the U.S.
(d) Dynamic entrepreneurialism
(d)
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Human capital is
A. how firms use more humans than machines in the production process. B. the accumulation of investments that make people more productive. C. more costly than other forms of capital. D. none of these answer options are correct.
The opportunity cost of going to college for a student receiving a scholarship
A) is the income that she would have earned if she did not go to college. B) is the risk of dropping out. C) is the food and living expenses that she has to purchase while in college. D) is zero because she does not have to pay tuition.
Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes.
Governmental assistance to the unemployed
A. is taxed as regular income by the federal government. B. is opposed by Keynesian economists. C. was abolished under the 1986 Tax Reform Act. D. may increase unemployment because it enables the jobless to take more time to look for employment.