Which of the following sources of productivity is the most difficult to acquire?
A) education
B) experience
C) talent
D) training
Answer: C
You might also like to view...
Refer to Table 10-3. The table above shows Lee's marginal utility from consuming ice cream cones and cans of Lime Fizz Soda. Select the phrase that completes the following statement
"We can determine the number of ice cream cones and cans of Lime Fizz Soda Lee should consume to maximize his utility A) if we know the values of the marginal utility per dollar for ice cream cones and Lime Fizz Soda." B) by adding up the marginal utilities for ice cream cones and Lime Fizz Soda." C) if we know what Lee's income is." D) if we know what Lee's income is and the price of an ice cream cone and the price of a can of Lime Fizz Soda."
Consider an economy that has the following monetary data. The monetary base and the money supply are expected to grow at a constant rate of 20% per year. Inflation and expected inflation are 20% per year
Suppose that bank reserves and currency pay no interest, all currency is held by the public, and bank deposits pay no interest. What is the nominal value of seignorage over the year? A) $10 B) $60 C) $70 D) $200
Dissaving is
A) impossible in the simple Keynesian model. B) the situation when saving exceeds consumption. C) the situation when consumption spending exceeds disposable income. D) the situation when people save smaller and smaller amounts.
Suppose Laqueta deposits $10,000 of cash into a checking account at a commercial bank. The immediate effect is
a. a $10,000 decrease in the M1 money supply. b. no change in the M1 money supply, but in the future, the M1 money supply will tend to decrease because the bank now has excess reserves. c. no change in the M1 money supply, but in the future, the M1 money supply will tend to expand because the bank now has excess reserves. d. a $10,000 increase in the M1 money supply.