The Asian Development Bank has been investing in education and training programs in the developing economies of Asia over the last five years. As a result of this investment, economists who adhere to the human capital view of education would predict
a. rising wages as labor productivity is enhanced.
b. falling wages as the labor market is saturated with too many educated workers.
c. the marginal productivity of capital would not be affected.
d. the marginal productivity of labor would not be affected.
a
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Personal dating advertisements in the newspaper are popular because they
a. increase the marginal benefit of search b. reduce the marginal cost of search c. increase the marginal cost of search d. reduce the optimal amount of search e. increase quality dispersion
The market demand for loanable funds is represented by a(n) ________ demand curve, reflecting a declining rate of return on investment
a. downward-sloping b. upward-sloping c. positively-sloping d. horizontal
The theoretical proposition that government deficits do not affect the level of output because individuals realize that they have to pay the deficits in the future, and therefore increase their savings now, is called:
A. purchasing power parity. B. functional finance. C. sound finance. D. the Ricardian equivalence theorem.
The agreement to provide a standardized commodity to a buyer on a specific date at a specific future price is
A) a put option. B) a call option. C) a futures contract. D) a mortgage-backed security.