An example of a government policy to increase human capital formation is:
A. the provision of publicly-funded education.
B. the construction of an interstate highway system.
C. government support for basic research.
D. maintaining a well-functioning legal system.
Answer: A
You might also like to view...
Which of the following would be likely to change the relative efficiency of trucks versus trains in carrying freight?
A) Higher wages for truck drivers B) More powerful locomotives C) Tolls on interstate highways D) All of the above.
The five categories of income used in the income approach to the measurement of GDP are
A) consumption, saving, rental income, corporate profits, and investment. B) employee compensation, net interest, rental income, corporate profits, and proprietor's income. C) employee compensation, consumption, rental income, corporate profits, and proprietor's income. D) employee compensation, saving, rental income, corporate profits, and investment.
Why might bargaining break down when parties negotiate to remedy a market failure and its associated externality?
What will be an ideal response?What will be an ideal response?
BigBiz, a local monopsonist, currently hires 50 workers and pays them $6 per hour. To attract an additional worker to its labor force, BigBiz would have to raise the wage rate to $6.25 per hour. What is BigBiz's marginal factor cost?
a. $6.25 per hour. b. $12.50 per hour. c. $18.75 per hour. d. $20 per hour.