The knowledge and skills possessed by the workforce is known as
A. The inequality trap.
B. Human capital.
C. Human finance.
D. Investment capital.
Answer: B
You might also like to view...
How is the equilibrium exchange rate determined?
What will be an ideal response?
On which two factors do the consequences of a merger depend?
What is the economic reasoning behind the proposal to legalize drugs?
a. Legal drugs will greatly increase the supply, which will reduce the price Americans pay to foreign producers of the drugs. b. All forms of government restrictions on behavior are immoral, and ought to be removed. c. Legal drugs will be much cheaper than illegal drugs, which will reduce incentive for crime to obtain money for drugs and to protect drug "businesses." d. Legal drugs will be more expensive than illegal drugs, and the market system will encourage more production, thus lowering the price. e. Dealing with supply is always easier than dealing with demand, and legalization accomplishes that.
Some analysts have argued that cost-benefit analysis does not take into account issues involving equity and is nothing more than an efficiency test. Do you agree with this statement?
What will be an ideal response?