One implication of human capital theory is that college graduates should earn substantially less than high school graduates.
Answer the following statement true (T) or false (F)
False
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Property rights assure people that
A) the government will not confiscate their income or savings. B) the government will provide a minimum standard of living. C) the factors of production and goods are owned jointly by the government and the people. D) economic growth will enhance government involvement in the economy. E) international trade will be limited.
Economists working at federal government agencies have estimated that the marginal social cost of carbon is about
A) $2 per ton. B) $9 per ton. C) $21 per ton. D) $47 per ton.
The investment curve is ________ of (on) the level of national income and ___________ as the interest rate falls
a. independent; quantity demanded of investment decreases b. dependent; quantity demanded of investment increases c. independent; quantity demanded of investment increases d. dependent; quantity demanded of investment remains unchanged e. dependent; investment curve shifts from horizontal to upward sloping
An increase in government spending causes the:
a. Monetary base to fall. b. Monetary base to either rise or fall, depending on the state of the economy. c. No change in the monetary base. d. Monetary base to rise.