Which of the following will increase the level of human capital in an economy?

A. A decrease in the population.
B. An increase in land mass.
C. An increase in literacy rates.
D. An increase in factory capacity.


Answer: C

Economics

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"For a perfectly competitive market, an economic profit attracts new firms. But when these firms enter the market, the price falls and the economic profit is eliminated"

Are the previous statements correct or incorrect? What is the long-run profit or loss outcome for firms in a perfectly competitive market?

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If real GDP declines for at least one-half year, the economy is experiencing a:

a. depression. b. decline. c. recession. d. growth recession. e. deflation.

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According to Okun's law, when the output gap is negative, cyclical unemployment:

A. is negative. B. equals structural unemployment. C. is positive. D. equals frictional unemployment.

Economics

The earliest paper money was bank notes, which were pieces of paper issued by banks, ornately printed to frustrate counterfeiters, and

What will be an ideal response?

Economics