An increase in human capital will tend to cause which of the following?
A) increase labor productivity B) increase the standard of living
C) increase economic growth D) all of the above
D
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The law of demand illustrates that as
a. price decreases, demand increases. b. price increases, quantity demanded increases. c. price decreases, quantity supplied increases. d. price decreases, quantity demanded increases.
Which of the following is a normative statement?
A. The taxes paid by the poor should be reduced in order to improve the income distribution in the U.S. B Presidential candidates should not be given funds from the federal government to run campaigns. c. State governments should not subsidize corporations by training welfare recipients. D. The sea otter should not be allowed to spread into Southern California coastal waters, because it will reduce the value of fisheries. E. all of the above
Which of the following is not a result of a reduction in the federal budget deficit?
A) a higher real interest rate B) a depreciation of the currency C) a rise in exports D) a rise in the price of foreign inputs
If the stock of available capital in the economy is running too low, then the:
A. Investment schedule will shift upward B. Investment schedule will shift downward C. Consumption schedule will shift upward D. Consumption schedule will shift downward