The PPF determines
A) all possible outcomes for a given wage.
B) the set of feasible outcomes.
C) given leisure, how much consumption a household wants.
D) the share of consumption in output.
B
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Why is the nominal interest rate the opportunity cost of holding money?
What will be an ideal response?
Which of the following is an example of human capital?
a. a student loan b. knowledge learned from reading books c. training videos for new corporate employees d. All of the above are correct.
Assuming a CEO has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus the CEO.
A. absolute B. overwhelming C. pecuniary D. comparative
The percentage of households with a Head Start enrollee that get no other government assistance other than Head Start is
A. 36%. B. 16%. C. 1%. D. 76%.