The idea that investment in comprehensive education in developing countries leads to permanent increases in the rate of technological progress is an example of:
A. increasing economic inequality.
B. capital deepening.
C. new growth theory.
D. a trade-off between human capital and technology.
Answer: C
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Why assume that firms maximize profit, when it is easy to find companies that pursue other goals such as saving rain forests (Ben and Jerry’s) and sponsoring Mister Rogers (Sears)?
What will be an ideal response?
A bank is insolvent when
A) its liabilities exceed its assets. B) its assets exceed its liabilities. C) its capital exceeds its liabilities. D) its assets increase in value.
Personalized advertising that uses postal mailings, phone calls, and e-mail messages is known as
A) direct marketing. B) mass marketing. C) indirect marketing. D) interactive marketing.
When people talk about U.S. intellectual property rights, what are they talking about?
A. The existence of high-quality educational institutions such as the Ivy League schools. B. The abstract nature of ownership in corporate organizations. C. The human capital of the U.S. labor force. D. Ideas and knowledge protected by patents and copyrights.