Education and training are ways to build:
A. human capital.
B. physical capital.
C. technological capital.
D. All of these could be true.
A. human capital.
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If price of a good rises, what happens to the demand for that good, all other things held constant?
A. The demand increases. B. The demand decreases. C. The demand does not change. D. The outcome depends upon the supply of the good.
Between 1981 and 2013, the overall mortality rate in the United States
A) remained fairly constant. B) decreased by more than 25 percent. C) slowly but steadily increased. D) was similar to the average rate in most low-income countries.
The idea that paying higher wages attracts a more talented labor pool is called the
a. winner's curse b. efficiency wage theory c. marginal productivity theory d. lemons problem e. theory of the second best
Which of the following will bring about an inward shift of a production possibilities curve [PPC]?
a. A decrease in the amount of resource employment b. An increase in the working-age population c. An increase in unemployment d. A decrease in the availability of natural resources e. An increase in the amount of capital available