Education achievements ________
A) are a sufficient condition for economic development to occur
B) are a guarantee of making a poor country wealthy
C) cannot raise human capital
D) are both rival and nonrival in character
D
You might also like to view...
If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher-Ohlin model, we predict that Gambinia will export
A) labor-intensive goods. B) capital-intensive goods. C) both capital- and land-intensive goods. D) land-intensive goods. E) both labor- and land-intensive goods.
Farmer Fred could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on an acre of his land. The price of wheat is $2.00 per bushel and the price of barley $ 0.80 . Show the benefits to Fred from specialization. What should he specialize in?
The average total cost of production is measured by
a. average variable cost + average fixed cost b. fixed cost + variable cost c. average variable cost – average fixed cost d. marginal cost + variable cost e. fixed cost + marginal cost
Which of the following would most likely move the economy into a recession in the short term?
A. The central bank printing less money than was expected. B. Invention of a new product that most consumers want to buy. C. Innovations in management that enhance worker productivity. D. Congress passing a reduction in personal income tax rates.