Human capital is a term that characterizes
A. firms that sell their products to customers directly.
B. individuals with a set of skills that they rent to employers.
C. individuals who buy skills from the companies they work for.
D. the number of workers in a company who are productive.
Answer: B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
When a government has a budget deficit, it must issue (sell) government bonds to finance the deficit
Does it matter for the rate of inflation if the government sells the government bonds to the public or sells the government bonds to the central bank? Explain why it does or does not matter.
Because pollution taxes raise production costs, the ________ curve ________.
A. supply; shifts to the right B. supply; shifts to the left C. supply; does not change D. demand; shifts to the right
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.