An example of the opportunity to gain human capital would be:
A. a firm offering on-the-job training.
B. a firm starting a community garden for its employees.
C. a firm expanding and creating 20 more jobs.
D. All of these are examples of human capital.
Answer: A
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A plausible elasticity of investment with respect to the user cost is
A. 0.52 B. 1.62 C. 0.40 D. 2.22
The theorem that suggests that politicians maximize their votes by taking the policy position preferred by the median voter, under certain conditions is called the:
A. average voter theorem. B. mid-voter theorem. C. median-voter theorem. D. moderate vote theorem.
The activities of speculators often reduce the risk borne by other stock market participants
a. True b. False Indicate whether the statement is true or false
Game theory is based on the idea that each participant makes decisions based on how she believes the competition will react.
Answer the following statement true (T) or false (F)