An example of human capital is:
A. plumbing skills.
B. a wrench.
C. a manual on how to install a sink.
D. a wedding dress.
A. plumbing skills.
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The slope of a production possibilities curve represents:
A) the marginal cost of producing the good measured on the horizontal axis. B) the marginal cost of producing the good measured on the vertical axis. C) the opportunity cost of producing the goods. D) the ratio of the average cost of producing both goods.
Assume that you own a lake house. Unfortunately your job will require that you spend the summer on the road and you won't be able to enjoy it. You decide that you will rent it out for the summer while you are working
The mortgage payment on the lake house is $1000 per month and the upkeep and maintenance if it is occupied is $200 month but zero if it is not rented. What is the minimum rent that you would be willing to receive and why? What information is irrelevant in your decision? Explain.
The Dodd-Frank Act requires that each member of the board of directors personally certify the accuracy of financial reports
Indicate whether the statement is true or false
Compared to the 1960s, the effectiveness lag is ________ due to ________
A) shorter, changes in fiscal policy B) longer, structural changes in the economy C) shorter, deregulation D) longer, increased sensitivity of consumer spending to interest rates