In the absence of discrimination, as human capital investments increase, wages will generally
A. increase or decrease.
B. increase.
C. decrease.
D. not change.
Answer: B
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If the short-run average variable cost of production for a firm is decreasing, then it follows that
A. average variable cost must be greater than marginal cost. B. marginal cost must be decreasing. C. average variable cost must be greater than average fixed cost. D. average fixed cost must be constant.
A prepaid hospital plan created by BaylorHospital for a group of Dallas public school teachers in 1929 is considered the forerunner of what was later called
a. managed care. b. Blue Cross. c. Blue Shield. d. the health maintenance organization. e. major medical insurance.
Other things the same, if the money supply rises by 5% and people were expecting it to rise by 2%, then some firms have
a) lower than desired prices, which increases their sales. b) higher than desired prices, which increases their sales. c) higher than desired prices, which depresses their sales. d) lower than desired prices, which depresses their sales.
The FDIC raises its funds by _____________.
Fill in the blank(s) with the appropriate word(s).