Human capital refers to which of the following?
A) physical equipment that is made by human laborers, not machines
B) manufactured goods that are used to produce other goods and services
C) the quantity of goods and services that can be produced by one worker or by one hour of work
D) the accumulated knowledge and skills workers acquire from education and training or from their life experiences
D
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International reserves are:
A. foreign currency deposits held by banks to provide international liquidity for domestic customers. B. foreign currency assets held by a government for the purpose of purchasing domestic currency in the foreign exchange market. C. reserves held by banks to back international deposits. D. dollars held by the Federal Reserve to support the value of the dollar.
The amount of poverty in the United States ____ in the 1960s and ____ in the 1970s
a. increased; decreased b. decreased; increased c. held relatively steady; increased d. decreased; held relatively steady
The housing market boom raised people's perceived wealth.
Answer the following statement true (T) or false (F)
Monopolistically competitive firms are like perfectly competitive firms in that they both sell homogeneous products.
Answer the following statement true (T) or false (F)