Education and on-the-job training are sources of human capital
a. True
b. False
Indicate whether the statement is true or false
True
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Third-party beneficiaries are called:
a. polluters. b. property owners. c. free riders. d. efficient market. e. losers.
The United States can benefit from voluntary trade a. only with nations that can produce goods the United States cannot produce. b. only with developing nations
c. only with nations in Europe. d. with any nation.
Keynesians:
A. generally favor laissez-faire policies. B. believe that frictional unemployment does not exist. C. believe that all unemployment is cyclical unemployment. D. generally favor activist government policies.
Refer to the figure above. Over the $5-$6 range, demand is:
A. elastic. B. inelastic. C. perfectly elastic. D. unitary elastic.