If human capital was included in the measurement of wealth, the measurement of wealth would be
A) more equal and more accurate.
B) more equal and less accurate.
C) less equal and more accurate.
D) less equal and less accurate.
A
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Refer to Figure 13-2. Ceteris paribus, a decrease in productivity would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Which of the following types of expenditure is most likely NOT determined by an accelerator model?
A) consumer durable spending B) inventory investment C) residential housing construction D) consumer spending on food
The Nobel Prize-winning economist from Harvard who developed the capabilities approach is:
A. Amartya Sen. B. Milton Friedman. C. John Kenneth Galbraith. D. Gary Becker.
How is marginal revenue product reflected in “winner-take-all” markets such as in the music industry?
What will be an ideal response?