Which of the following is an example of human capital?
A) a computer B) a college education
C) a factory building D) a software program
B
You might also like to view...
The payment received by suppliers of entrepreneurial skills is called wages
Indicate whether the statement is true or false
Car companies build wind tunnels to test the aerodynamics and the handling capabilities of their car designs. The many variables that can be precisely controlled inside the wind tunnel are considered:
a. normative factors. b. positive factors. c. comparative factors. d. endogenous factors. e. exogenous factors.
Use the above table. If the marginal revenue product is $30, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?
A. 1; $10 B. 2; $15 C. 4; $25 D. 3; $20
If sellers of good cars and sellers of lemons both offer a warranty on their cars, consumers will then be able to tell which cars are the lemons
Indicate whether the statement is true or false