Matt is going to college to become a pharmacist. What he learns about existing information increases
a. both technological knowledge and human capital.
b. technological knowledge but not human capital.
c. human capital but not technological knowledge.
d. neither technological knowledge nor human capital.
c
You might also like to view...
Firms use incentives to pursue their most fundamental goal, which is to maximize
A) profits. B) sales revenue. C) worker satisfaction. D) worker pay.
Which of the following statements is true?
A) Eurobanks are able to create money. B) Eurobanks accept deposits but not loans. C) Eurobanks are essentially intermediaries. D) Both A and C.
Which is the best characterization of the current international payments system?
A) The World Bank and the IMF approve nations' exchange rate regimes and ensure that financial flows are not hampered by imbalances. B) All nations are now operating with floating exchange rates and free capital flows. C) The four richest industrial nations have floating exchange rates, while the rest of the nations peg to those currencies. D) There is no standard and no rules, and each nation chooses the regime that works best for its individual situation at the time.
In Figure 21.1, diminishing marginal returns first occur with the
A. Fourth worker. B. Second worker. C. Fifth worker. D. Third worker.