Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
A) entrepreneurial ability.
B) labor.
C) physical capital.
D) human capital.
Answer: B
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What was the most immediate impact of introducing the horse to the plains Indians?
a. A decrease in the amount of agricultural work the Indians did b. A large increase in the size of hunting groups c. More intensive and more efficient use of animal carcasses. d. More time was spent in fixed locations
An increase in the expected future price of a good may act to increase the present price of the good
a. True b. False Indicate whether the statement is true or false
On average, over the last 50 years, real GDP has grown by about
a. 3 percent per year. b. 2 percent per year. c. 1 percent per year. d. 4 percent per year.
Unemployment compensation is an example of a(n) ______.
a. automatic stabilizer b. index c. sacrifice ratio d. positive supply shock