Getting a college degree is an example of investing in:
A. human capital.
B. technology.
C. physical capital.
D. research and development.
Answer: A
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The interest rate effect on aggregate demand indicates that a(n) ________.
A. decrease in the price level will decrease the demand for money, decrease interest rates, and increase consumption and investment spending B. increase in the supply of money will increase interest rates and decrease interest-sensitive consumption and investment spending C. increase in the price level will decrease the demand for money, reduce interest rates, and decrease consumption and investment spending D. decrease in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending
?Marginal propensity to consume is equal to the change in ____ divided by the change in ____
a. consumption spending; total income b. saving; total income c. saving; disposable income d. consumption spending; disposable income
The concepts of specialization and gains from trade can be applied to:
A. consumer decisions. B. international trade. C. household decisions. D. why globalization has expanded recently.
The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition
A. industries that can compete with foreign competitors at this point in time and are deemed essential by the government. B. industries that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. C. industries needed for national defense. D. industries that are essential if a country is to become an industrial nation.