Human capital differs from physical capital in that
A. human capital is intangible.
B. human capital is tangible.
C. physical capital is intangible.
D. human capital has no cost to acquire.
Answer: A
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A trade deficit means:
A) the country has positive net savings, which it lends abroad. B) the country has negative net savings, which it lends abroad. C) the country has positive net savings, which it borrows from abroad. D) the country has negative net savings, which it borrows from abroad.
The real return on bonds is
A) 0. B) r. C) R. D) i.
The opportunity cost of a particular activity
a. is the same for everyone pursuing this activity b. may include both monetary costs and forgone income c. always decreases as more of that activity is pursued d. usually is known with certainty e. measures the direct benefits of that activity
Which of the following groups would be most optimistic about the effects of economic growth?
a. Environmentalists b. Psychologists c. Economists d. All would be similar in their views