Human capital is
A) all capital owned by individuals, but not by corporations or governments.
B) all capital owned by individuals or corporations, but not by governments.
C) machinery that meets or exceeds federal safety standards for use by humans.
D) the skill and knowledge of workers.
D
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The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for non-dairy coffee creamer after severe weather destroys a large portion of the coffee crop?
A) Graph A B) Graph B C) Graph C D) Graph D
Suppose Chris's marginal utility from the first taco he eats is 15, and his marginal utility from the second taco he eats is 12. One can infer that:
A. Chris should eat two tacos. B. Chris's total utility from eating two tacos is 27. C. Chris's average utility from eating two tacos is 27. D. Chris should eat one taco.
Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7
Refer to Table 23.7. At an aggregate output level of $600 billion, the unplanned inventory change is
A. -$100 billion. B. -$50 billion. C. $0. D. $50 billion.
Economic costs
A. include both a normal rate of return on investment and the opportunity cost of each factor of production. B. are the opportunity cost of each factor of production minus any interest charges paid on borrowed funds. C. are equal to the direct costs of hiring all factors of production. D. are equal to total revenue minus accounting profit.