A student entering college wants to assess the value of investing in human capital. To determine whether the investment will be profitable, she should compare the
a. value of her total expected future earnings with the total of her direct and indirect costs of college.
b. present discounted value of future earnings with the total of her direct and indirect costs of her education.
c. present discounted value of her additional future earnings as the result of the college education with the present discounted value of only her direct costs of college.
d. present discounted value of her additional future earnings as the result of the college education with the present discounted value of her direct and indirect costs of college.
D
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If the quantity supplied of science fiction novels decreases by 3% and the price elasticity of supply is 15, what has been the percentage price change?
a. -15% b. -3% c. -5% d. -0.2%
A common error of business managers is to blame inflation on
a. consumer spending. b. rising wages. c. rising prices. d. rising interest rates. e. rising unemployment.
Political candidates tend to identify themselves as being "middle-of-the-roaders", while they tend to label their opponents as a member of the political fringe
Indicate whether the statement is true or false
Quantitative evidence on federal land policy has led current economic historians to conclude that
a. the policy was inefficient and reduced total output. b. the policy was largely inefficient, with evidence of increased output only found on large farms. c. the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period. d. average rates of return on western agricultural investments were comparable to those in manufacturing.