Human capital can be increased by more
a. robots aiding workers
b. machinery produced with combinations of labor and capital
c. workers' education and experience
d. factories built to accommodate workers
e. oil discovered that can be used to power the capital that workers use
C
You might also like to view...
A system of managed floating exchange rates is
A) a system in which governments may attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed. B) a system in which governments use flexible exchange rates. C) a system in which governments are forbidden from attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed. D) a system in which governments need to reach a prior agreement among them before they may attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed. E) a system in which governments use extensive fiscal policy to discourage exchange rate movements.
In response to the threat of budget cuts, the Connecticut State Department of Recreation proposed shutting down many state parks and beaches. This is a good example of
a. cost efficiency in bureaus b. Niskanen's theory of budget-maximizing bureaus c. the median-voter model d. logrolling e. direct democracy
The AB Manufacturing Company has hired an economist to evaluate its financial situation. She explains to the board of directors that the company is making zero economic profit. Should the company go out of business?
Over time, technology tends to:
A. diminish in nations that are still developing. B. spread from country to country, equalizing opportunity costs. C. allow developing nations to experience the "catch-up" effect. D. set countries apart in terms of productivity.