After an employer pays the cost of educating a worker,
a. the worker has a higher level of human capital.
b. the worker should become more productive.
c. the worker might look for another job unless his employer pays him more.
d. All of the above are correct.
d
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A type of investment fund that makes long-term investments in companies that are not publicly traded is called a
A) private equity fund. B) hedge fund. C) sovereign wealth fund. D) brokerage fund.
If swimming pools are public goods, then state governments to provide them
a. True b. False
Higher rates of real economic growth can allow a less-developed, low per capita income country to attain the same standard of living as a more developed, high per capita income country in a few years
a. True b. False Indicate whether the statement is true or false
If you advertise and your rival advertises, you each will earn $3 million in profits. If neither of you advertises, you will each earn $7 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $10 million and the non-advertising firm will earn $1 million. If you and your rival plan to be in business for 15 years, then the Nash equilibrium is for:
A. neither firm to advertise in early years, but to advertise in later years. B. you and your rival to advertise every year. C. each firm to advertise in early years, but not advertise in later years. D. you and your rival to not advertise in any year.