Like physical capital, human capital is a produced factor of production
a. True
b. False
Indicate whether the statement is true or false
True
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Federal Reserve Chairman Ben Bernanke once said if all else fails, the Fed could drop money from helicopters to help the US economy. If "helicopter Ben" ever comes to the rescue and begins dropping money from the sky, the will be engaged in
A) shenanigans. B) expansionary monetary policy. C) operation financial Armageddon. D) contractionary monetary policy.
Without usury laws interest rates would be _____________________.
Fill in the blank(s) with the appropriate word(s).
Referring to Figure 18.2, if the exchange rate is currently 11 pesos per dollar, then we expect the dollar to ________ and the peso to ________.
A. depreciate; depreciate B. depreciate; appreciate C. appreciate; depreciate D. appreciate; appreciate
The law of one price works well for heavily traded commodities, either at a point in time or for changes over time.
Answer the following statement true (T) or false (F)