The gains from general training in human capital tend to go to the
A. individual and not to the employing firm.
B. federal government in the form of higher taxes.
C. parents since they paid for the education in the first place.
D. employing firm and not to the individual.
Answer: A
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You are given the following information on the macroeconomy (in millions dollars):
Consumption: 250 + 0.50Y Investment: 100 + 0.10Y Government Spending 400 Exports 50 Imports 50 + 0.25Y Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for a decrease in autonomous investment of $75 million.
Increases in productivity per person lead to increases in per capita income, which we call:
A. economic growth. B. GDP per capita. C. the GDP deflator. D. the producer productivity index.
Recall the Application about the possible link between interest rates and commodity prices worldwide to answer the following question(s).Recall the Application. What is the conclusion regarding the link between monetary policy and commodity prices?
A. We should be cautious in linking monetary policy and commodity prices because there is no simple relationship between the two. B. It is certain that there is a negative relationship between monetary policy and commodity prices. Expansionary policy lowers commodity prices. C. It is certain that there is a positive relationship between monetary policy and commodity prices. Expansionary policy raises commodity prices. D. It is certain that there is no relationship between monetary policy and commodity prices. Expansionary policy does not change commodity prices.
A firm reaches the minimum efficient scale in the short run.
Answer the following statement true (T) or false (F)