Who among the following is the most likely to invest in human capital?
A) A person with a low rate of time preference
B) A person with a high rate of time preference
C) A person with no time preference
D) None of the above.
A
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Use the following diagram to answer the next question.
We observe that the economy has moved from NX1 to NX3. This could have happened because ________.
A. imports decreased B. exports increased by more than imports C. exports increased by less than imports D. exports increased
A country reports that unplanned inventories increased during 2012. The increase in unplanned inventories leads to
A) firms decreasing production, which decreases GDP. B) actual aggregate expenditure being different than real GDP. C) consumers increasing their consumption expenditure, which increases GDP. D) firms increasing production, which increases GDP. E) the government decreasing production, which decreases GDP.
The figure above shows how the relationship between the number of hours per week a high school student spends on the web and the student's SAT score
Is the relationship between hours on the web and the SAT score positive, negative, neither? Explain your answer.
National defense is a public good _____
a. meaning it is an all-or-nothing proposition b. however it can be adjusted on the margin c. implying whatever output produced is efficient d. a and c