An example of the opportunity to gain human capital would be:
A. a firm expanding and creating 20 more jobs.
B. a firm offering on-the-job training.
C. a firm starting a community garden for its employees.
D. All of these are examples of human capital.
B. a firm offering on-the-job training.
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Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained
A. by small annual increases in demand. B. as an exception to the law of supply. C. in terms of a stable supply curve and increasing demand. D. in terms of a stable demand curve and increasing supply.
Suppose that the exchange rate between British pounds and U.S. dollars is originally $2.50 per pound. If it then changes to $3 for 1 pound, imports of British goods into the U.S. tend to: a. rise
b. fall. c. stay the same. d. change in an indeterminate direction.
Arm and Hammer baking soda, which was originally developed as a cooking ingredient, is now being sold as an effective refrigerator deodorizer. This is an example of ____________ innovation.
A. positioning B. process C. distributed D. associative
An internationally discriminating monopolist is one that:
a. can charge different prices to each customer in its domestic market. b. can charge different prices in its domestic and foreign markets. c. faces a downward-sloping demand curve in its domestic market and a perfectly elastic demand curve in its foreign market. d. faces a perfectly elastic demand curve in its domestic market and a downward sloping demand curve in its foreign market.