One explanation for the growth in the U.S. economy over the last 100 years is:
A. a large increase in human capital.
B. Human capital was not the cause of growth in the United States over the last 100 years.
C. a rapid decline in human capital.
D. a small, incremental increase in human capital.
Answer: A
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Which part of the Federal Reserve System holds reserves of the member banks?
A. The Federal Advisory Committee B. The Federal Open Market Committee C. The Board of Governors D. The 12 Federal Reserve Banks
The marginal social benefit curve from a public good is found by horizontally summing the marginal benefit curves of all individuals
Indicate whether the statement is true or false
The figure above shows a labor market. If there is a monopsony in this labor market, employment is
A) 0 hours per week. B) 50 hours per week. C) 100 hours per week. D) 150 hours per week.
Which of the following is a result of a market economy?
A) voluntary exchange B) an equal income distribution C) agreement on equity D) environmental protection