Usefulness of Econ?
What will be an ideal response?
- To explain decision making
- Predict future economic behavior or results
You might also like to view...
Which theory best explains the wealth inequalities amongst nations?
A) weather B) government institutions C) natural selection D) factors outside of any human control E) levels of corruption
When incorporating labor-augmenting technological change into the Solow growth model, the focus is on
A) capital per worker and output per worker. B) capital per effective worker and output per worker. C) capital per worker and output per effective worker. D) capital per effective worker and output per effective worker.
A person goes to college to become an engineer. This is an example of an
A) investment in physical capital. B) investment in human capital. C) increase in entrepreneurship. D) increase in labor.
If a corporation fails, the last recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.