The definition of human capital refers to
a. worker education and workers' equipment.
b. worker education and workers' physical capital.
c. workers' equipment and workers' physical capital.
d. worker education and worker training.
d
You might also like to view...
Since the 1970s, unemployment rates in the United States have generally been
A. lower than in Europe. B. higher than in Europe. C. about the same as in Europe. D. not compared to Europe, since unemployment is not present in Europe.
Refer to Table 19-9. Suppose that the above table represents the goods and services produced in a very simple economy in 2016. Assume that steel is used as an input in the production of autos. Using that information, calculate GDP for the year 2016
What will be an ideal response?
Figure 11-3
?
In Figure 11-3, which line represents the change in the consumption schedule caused by a cut in fixed taxes?
A. C1 in graph (a) B. C2 in graph (a) C. C1 in graph (b) D. C2 in graph (b)
Give an example of cross-price elasticity of demand that involves a substitute and another that involves a complement. Calculate a sample cross-price elasticity of demand for each.
What will be an ideal response?