Human capital is:
A. the talents, training, and education of workers.
B. the financial resources available to humans for investment.
C. the factories and machinery used by humans in the production process.
D. the factories and machinery made by workers.
Answer: A
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A fall in the money wage rate shifts
A) both the SAS and LAS curves rightward. B) both the SAS and LAS curves leftward. C) the SAS curve rightward but leaves the LAS curve unchanged. D) the LAS curve rightward but leaves the SAS curve unchanged.
A depreciation in the U.S. dollar on the foreign exchange market will
a. make U.S. exports more expensive to foreigners. b. make imports less expensive for U.S. consumers. c. make U.S. exports cheaper for foreign consumers. d. encourage U.S. consumers to travel abroad.
Based on the graphic showing the Lorenz Curve, which of the following would represent the most equal income distribution?
a. a straighter line to the left of the Lorenz curve for 1980
b. a line between the Lorenz curves for 1980 and 2017
c. a more curved line to the right of the Lorenz curve for 2017
d. a line that matched the Lorenz curve for 1980
Consider the accompanying payoff matrix.
Is this game a prisoner's dilemma?
A. It's a prisoner's dilemma for player B, but not for player A. B. It's a prisoner's dilemma for player A, but not for player B. C. No. D. Yes.