The stock of knowledge, skills, and talents that people possess is called personal capital.
Answer the following statement true (T) or false (F)
False
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What country is the largest holder of foreign debt in the world?
A. U.S.A B. China C. Germany D. United Kingdom E. Russia
If people become less optimistic about the future earnings of Hyde Park Jazz Studio, then the price of the company's stock will fall
a. True b. False Indicate whether the statement is true or false
Both a perfectly competitive firm and a monopolist:
A. always earn an economic profit. B. maximize profit by setting marginal cost equal to marginal revenue. C. maximize profit by setting marginal cost equal to average total cost. D. are price takers.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 2nd movie?
A. $8 B. $1 C. $4 D. $2