Lydia was born with an aptitude for composing music. This aptitude is an example of
A. property.
B. natural capital.
C. human capital.
D. a compensating differential.
Answer: C
You might also like to view...
Scarcity applies to: a. only the poor
b. the value of our time. c. both the rich and poor. d. both (b) and (c)
The application of statistical methods to empirical questions in economics is known as
A. positive economic analysis. B. normative economic analysis. C. the scientific method. D. econometrics.
One major difference between a debit card and a credit card is:
A. the debit card has lower minimum monthly payments. B. debit cards have no late fees. C. only the debit card helps you to build a credit history. D. you do not need to actually have the funds in your account when you use a debit card.
The United States would have an absolute advantage compared to Canada in the production of wheat if
A. the United States uses fewer resources to produce wheat than Canada does. B. wheat sells for a higher price in the United States than in Canada. C. the demand for wheat is higher in the United States than in Canada.the United States. D. wheat can be produced at lower cost in terms of other goods than it could be in Canada.