Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________
A) human capital
B) physical capital
C) entrepreneurship
D) None of the above answers are correct.
A
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If the annual interest rate is 5 percent,
a. $100 saved today will be worth $105 after one year b. $90 saved today will be worth $100 after one year c. $100 saved today will be worth $5 after one year d. $99 saved today will be worth $100 after one year e. $100 saved today will be worth $1,000 after one year
What is the underground economy? How does it affect GDP calculations? Provide three examples of underground economy transactions
Which of the following correctly describes the Lorenz curve??
A. ?The Lorenz curve shows that the increasing income inequality in the U.S. society is actually good for the economy. B. The Lorenz curve shows the growth rate in real median family income over time. C. ?The Lorenz curve shows the cumulative distribution of family income, ranked from the poorest to the richest families, and compares that curve with the straight line indicating perfectly equal income distribution. D. ?The Lorenz curve shows the cumulative distribution of family income, ranked from the richest to the poorest families, and compares that curve with the ideal of having all income go to the richest 5 percent of society.
The civilian labor force includes
A) The number of people in the Armed Services. B) The number of employed persons. C) The number of employed and unemployed persons in the economy. D) None of the above.