The wage increase from investments in human capital is called economic rents.
Answer the following statement true (T) or false (F)
False
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In the market for labor, the price of labor is the:
A. real wage. B. same as price of the product produced by the labor. C. number of hours employed per year. D. marginal product of labor.
As with other Microsoft Office applications, the ___________ along the top of the interface contains the controls used to develop and manipulate your project data.
A. File Tab B. Task Tab C. Ribbon Bar D. Project Tab
The legislative lag represents
A) the time it takes for policy makers to obtain data indicating what is happening in the economy. B) the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy. C) the time it takes to pass legislation to implement a particular policy. D) the time it takes for policy makers to change policy instruments once they have decided on the new policy. E) the time it takes for the policy actually to have an impact on the economy.
Bank panics were the result of
A. banks holding 100% of their deposits on reserve. B. depositors attempting to withdraw more deposits than the banks held in reserve. C. banks hoarding greenbacks during the Civil War. D. the United States going off the gold standard in 1933.