Javier’s government has decided to make school attendance a requirement for everyone under the age of 18. What determinant of productivity and economic growth is Javier’s government investing in?
a. technology
b. human capital
c. natural resources
d. physical capital
b. human capital
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In a market system, the major coordination tasks are carried out
A. with the approval of central planners. B. as part of the regular appropriation process of Congress. C. irregularly by the major corporations. D. automatically by the market mechanism.
If equilibrium is present in the foreign exchange market and a nation is experiencing a trade deficit,
a. the nation must be experiencing a net capital inflow. b. the nation must be experiencing a net capital outflow. c. the nation's inflation rate must increase. d. the nation's interest rate must increase.
Over the past century, there has been little variation in the price of corn from one harvest to the next.
Answer the following statement true (T) or false (F)
If the price of cameras rise, there will be a(n)
A. decrease in the demand for film. B. increase in the quantity of cameras demanded. C. increase in the demand for film. D. None of the answers are correct.