Which statement about human capital is false?
A. Workers accumulate human capital during formal education and through life experiences.
B. Human capital gives firms a way to differentiate between workers.
C. Human capital has a low rate of return.
D. Human capital tends to be an important determinant of one's wages.
E. There is more human capital in the United States now than there was 100 years ago.
Answer: C
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A decrease in the money supply will shift the money supply curve to the ________, causing the nominal interest rate to ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
Which of the following people would be considered frictionally unemployed?
a. The President of the United States b. An elementary school student c. A lifeguard unemployed during the winter d. A high school graduate entering the labor market for the first time e. A person laid off from his job
U.S. imports rise when income in the United States increases
a. True b. False Indicate whether the statement is true or false
producer surplus
What will be an ideal response?