A government policy of providing free public education is an example of a policy to promote economic growth by:
A. increasing the availability of natural resources.
B. increasing human capital.
C. improving technology.
D. increasing physical capital.
Answer: B
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A Comparison of Macroeconomic Views
An example of a market-facilitating legal practice is
(a) clearly established property rights. (b) corruption of government officials. (c) extensive licensing requirements for starting firms. (d) all of the above. (e) none of the above.
The labor force participation rate is
a. the civilian labor force as a percentage of the civilian non institutional population. b. the non institutional population as a percentage of the total labor force. c. the civilian labor force as a percentage of the total labor force. d. employed workers as a percentage of the civilian non institutional population.
Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 The average variable cost of the second unit of output in Table 21.5 is
A. $6.00. B. $15.00. C. $8.00. D. $4.00.