Since 1802, the American stock market has yielded an average annual real return (the return adjusted for inflation) of approximately
a. 3 percent.
b. 5 percent.
c. 7 percent
d. 11 percent.
C
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The condition that states that the domestic interest rate equals the foreign interest rate minus the expected appreciation of the domestic currency is called
A) the purchasing power parity condition. B) the interest parity condition. C) money neutrality. D) the theory of foreign capital mobility.
A worker's accumulated investment in education, training, experience, and health is called:
a. derived labor demand. b. collective entrepreneurship. c. seniority. d. human capital.
The problem with using a basic needs measure of poverty is that
a. the median income changes b. what we think of as basic needs now differs from what basic needs were 20 years ago c. we don't know how to measure basic needs d. basic needs is a relative concept of poverty e. population changes
Which of the following is an example of a capital input?
a. a computer b. a share of stock c. an hour of a worker's time d. $50,000