As a student, one of the costs of sleeping in rather than going to class is likely to be a lower grade in the class.
Answer the following statement true (T) or false (F)
True
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What is the basis of the "Cheap Foreign Labor" argument and what are its weaknesses?
What will be an ideal response?
In the endogenous growth model presented in the text, an increase in the efficiency of human capital accumulation
A) increases the growth rate of human capital and increases the growth rate of output. B) increases the growth rate of human capital and decreases the growth rate of output. C) decreases the growth rate of human capital and increases the growth rate of output. D) decreases the growth rate of human capital and decreases the growth rate of output.
Which of the following is a positive macroeconomics statement?
A) The central bank should increase the nation's money supply. B) The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. C) Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. D) The local government ought to spend more on recreational facilities.
Which of the following statements is true of capital gains in the U.S.?
A. Capital gains are taxed only if they are long-term. B. Capital gains are taxed only for low-income groups. C. Capital gains are taxed on accrual. D. Capital gains are forgiven at death.