Education and job training are part of:
A.) Business inventory spending.
B.) Consumer spending on durables since the impact is long lasting.
C.) Human capital investment.
D.) Income transfers.
C.) Human capital investment.
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
What is dumping and why would firms engage in it?
What will be an ideal response?
If production point is inside the production possibilities frontier
A) it is not possible to produce more of both goods. B) production is inefficient. C) in order to produce more of one good, less of the other must be produced. D) production is in the "unattainable" region.
A firm's short-run cost functions depend primarily on the firm's production function and the prices of the inputs to production
Indicate whether the statement is true or false