Increases in both human capital per worker and physical capital per worker increase productivity
a. True
b. False
Indicate whether the statement is true or false
True
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When minority workers gain access to better occupations, they are evenly distributed within each occupational group
Indicate whether the statement is true or false
When the Hometown football team is winning by a lot of points after halftime, they often play their second and third team players. One of the coaches notices that when the third team plays that Oklahoma wins by a bigger margin than when just the first team plays. He recommends that the third team see more playing time as a result. What is wrong with his way of thinking?
a. association is not causation b. it is a violation of ceteris paribus c. the fallacy of composition d. good intentions do not guarantee desirable outcomes
Suppose the economy is self-regulating, the price level is 120, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $5.7 trillion, and the quantity supplied of Real GDP in the long run is $5.2 trillion. Given all of this information, we can conclude that the economy ____________ in short run equilibrium, and that the price level in long run
equilibrium will be _____________ than 120. A) is not; less B) is; greater C) is; less D) is not; greater
According to the text, which of the following does the United States import?
A. Electronics, cars, and food. B. Computers but not food. C. Cars but not shoes. D. Clothes but not electronics.