Earning a master's degree in Engineering is an example of
A. an investment in human capital.
B. a Pareto good.
C. a compensating differential.
D. economic income.
Answer: A
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The law of diminishing marginal benefit explains why
A. addicts can never get enough. B. people will only consume their favorite goods and not try new things. C. demand curves slope downward. D. supply curves slope upward.
Besides world trade growth, what can explain the growth of international banking since the 1960s?
A) war in the Middle East B) government focus on banking regulation. C) an increase in world travel. D) the emergence of developing countries like China. E) desire of depositors to hold currencies outside the jurisdiction of the countries that issue them
A decrease in discrimination against women after the 1970s led most directly to ________
A) an increase in labor demand B) a decrease in labor demand C) a decrease in education D) a decrease in labor supply
When McDonald's opens a store in Dhaka, Bangladesh, it has a strong incentive to enforce product quality consistent with stores in the United States
a. True b. False Indicate whether the statement is true or false