The definition of human capital refers to
A. worker education and workers’ equipment.
B. worker education and workers’ physical capital.
C. workers’ equipment and workers’ physical capital.
D. worker education and worker training.
Answer: D
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When price was 6, quantity demanded was 10. When price decreased to 5, quantity demanded increased to 13. Therefore, when price decreased, total revenue
A. decreased from 65 to 60, indicating that demand is inelastic. B. decreased from 65 to 60, indicating that demand is elastic. C. increased from 60 to 65, indicating that demand is inelastic. D. increased from 60 to 65, indicating that demand is elastic.
Specialization can sometimes create problems such as boredom and repetitive motion injuries
a. True b. False
The intent of parity pricing is to
a. protect small farms from predatory larger farms b. maintain farmers' purchasing power c. provide incentives for farmers to produce d. generate surplus food to feed the needy e. enhance the effects of technology in agriculture
You are the CEO of a U.S. firm considering building a factory in Chile. If the dollar appreciates relative to the Chilean peso, then other things the same
a. it takes fewer dollars to build the factory. By itself building the factory increases U.S. net capital outflow. b. it takes fewer dollars to build the factory. By itself building the factory decreases U.S. net capital outflow. c. it takes more dollars to build the factory. By itself building the factory increases U.S. net capital outflow. d. it takes more dollars to build the factory. By itself building the factory decreases U.S. net capital outflow.