A tractor used to prepare land for planting is called
A. land.
B. physical capital.
C. labor.
D. human capital.
Answer: B
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A put option gives the owner the
A) right to sell the underlying security. B) obligation to sell the underlying security. C) right to buy the underlying security. D) obligation to buy the underlying security.
The demand for labor curve bends backward whenever the income and substitution effects work in opposite directions
a. True b. False
From 1890 to 2010, countries with lower levels of real GDP per person than the United States all had growth rates that are lower than that of the United States.
a. true b. false
For consumers, oranges and bananas are substitutes. Hence if the price of an orange rises, the demand for Question 8 options:
A. bananas increases. B. oranges increases. C. bananas decreases. D. oranges decreases.