Which of the following is an example of an investment in physical capital?
A. A firm pays for workers to take college classes.
B. A chemical firm employs chemists to develop new chemicals.
C. A firm trains workers to operate new machinery.
D. A firm purchases new equipment for a manufacturing process.
Answer: D
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As the real wage increases, the opportunity cost of working outside the home increases
a. True b. False
If the exchange rate changes from 1 euro per U.S. dollar to 1.2 euros per U.S. dollar, the Euro has
a. appreciated, since its value has increased. b. appreciated, since the price of U.S. dollars has increased. c. appreciated, making U.S. goods cheaper in Euros. d. depreciated, since its value has declined. e. depreciated, since its value has increased.
Which of the following theories is not falsifiable or refutable?
A) Everything that has happened to Jane throughout her life happened to her specifically because she was born on June 23, 1993. B) People with blue eyes tend to be more sensitive to light than people with brown eyes. C) Women who are electrical engineers tend to have fewer children than women who are retail cashiers. D) People who watch more than six hours of television per day tend to weigh more than people who watch fewer hours of television daily. E) all of the above
What are the two important programs in practice in America that strongly resemble a negative income tax?
What will be an ideal response?