The more human capital you have, the more likely you will:
A. be unemployable.
B. not benefit from specializing.
C. earn more money.
D. All of these are true.
Answer: C
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If there is a basic surplus but a positive total deficit, then
A) interest cost > basic surplus. B) interest cost < basic surplus. C) interest cost > positive total deficit. D) interest cost < positive total deficit.
Many economists believe that the U.S. tax system would be made more efficient if the basis of taxation were changed so that people paid taxes, more so than they do now, based on their
a. saving rather than their income. b. spending rather than their income. c. income rather than their wealth. d. wealth rather than their spending.
If this is a closed economy, how much will a bushel of corn cost?
A. $7 B. $1 C. $3 D. $5
A movement from one point to another along the production possibilities curve would imply that:
A. The labor force available to society has grown B. Productivity has increased over time C. Productivity has declined over time D. Society is producing a different combination of outputs