Exhibit 1A-5 Straight line
In Exhibit 1A-5, the slope for straight line CD is:
A. 5.
B. 1.
C. ?1.
D. ?5.
Answer: C
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In the 1980s, Howard was one of the best car phone repairmen in his area. After staying home in the 1990s and early 2000s to take care of his children, Howard wants to go back to work in the phone repair business. Which of the following can be said about Howard?
A. Because car phones are obsolete, Howard's human capital is less valuable. B. Howard's knowledge of how to repair car phones is obsolete, and his human capital is less valuable now than in 1980. C. Howard's ability to repair car phones represents an obsolete skill. D. All of these could be said about Howard.
If consumption of a good creates positive externalities, then
a. private demand is greater than marginal social benefit b. marginal private benefit is less than marginal social benefit c. private cost is less than marginal social cost d. marginal social cost is greater than marginal social benefit e. marginal private cost is zero
An increase in the productivity of workers shifts the labor ________ curve to the ________.
A. supply; right B. demand; left C. supply; left D. demand; right
In an economy that has stationary production capacity:
A. GDP is zero B. Capital consumption (or depreciation) is zero C. Net investment is zero D. Gross investment is zero