A worker's accumulated investment in education, training, experience, and health is called:
a. derived labor demand.
b. collective entrepreneurship.
c. seniority.
d. human capital.
d
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A shoe retailer does not give a bill for shoes purchased from his store and does not report his income correctly to evade taxes. If you pay him $50, ________
A) the GDP of your country will fall B) the GDP of your country will increase C) the trade surplus of your country will increase D) the GDP of your country will remain unchanged
In the United States, government spending (federal, state, and local) on health care services accounts for ________ of all health care spending
A) 7% B) 47.3% C) 52.7% D) 84.4%
Suppose you are considering buying stock in the stock market, and your objective is to maximize your net worth. Furthermore, your study of the market reveals that the economy will be slowing down over the next several months
Under these conditions, it would be best to purchase stock in companies that produce A) normal goods. B) luxury goods. C) price elastic goods. D) inferior goods.
Agencies budgetary requests will be excessively large because _____
a. demand for government services is always increasing b. they want to make the President happy c. they know that their final budget will be smaller than their requests d. of logrolling