On the job training:
a. is an important component for building human capital
b. may be just as important as formal education in raising productivity
c. is less amenable to influence by the government
d. All of the above are correct.
d
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The Capital Asset Pricing Model determines the weighted average cost of capital
Indicate whether the statement is true or false
A change in the income of buyers will normally change demand
a. True b. False Indicate whether the statement is true or false
Over the past few decades, nominal interest rates have been higher than real rates of interest. This means that
A. lenders must have expected inflation. B. borrowers must have expected deflation. C. lenders must have expected prices to fall. D. borrowers must have expected prices to fall.
If an agent is risk neutral and a principal is risk averse, which of the following contracts would be efficient in risk bearing?
A) A fixed fee is paid to the agent. B) A fixed fee is paid to the principal. C) An hourly rate is paid to the agent. D) The agent enjoys a share of the profit.