According to Hughes and Cain (2011), today's growth in white-collar jobs is fueled by investments in education and does not depend on apprentice-style training or land holdings
Indicate whether the statement is true or false
True
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A firm combines two resources, X and Y, to produce an output level Q in a purely competitive market. The cost of a unit of X is $20 and the cost of a unit of Y is $4. The marginal product of X is 100 units and the marginal product of Y is currently 16
units at output level Q. What would you recommend that the firm do given this resource combination? What will be an ideal response?
If the labor force participation rate is rising and the working-age population is not changing, then the
A) size of the labor force is rising. B) number of unemployed people is rising and the size of the labor force is falling. C) size of the labor force is falling. D) number of unemployed people is falling and the size of the labor force is rising.
The government can address __________ by providing universal health insurance coverage and charging uniform premiums.
A. expected utility B. asymmetric information C. commodity egalitarianism D. adverse selection
Which of the following is closest to the definition of capital?
a. c and e. b. c and d. c. Tools, equipment, means of transportation d. Factories and machinery. e. Borrowed money.