Expansion of a nation's human capital can be achieved through
A) education and training.
B) education and saving.
C) education and technology improvements.
D) education only.
E) nothing because human capital is determined by the skills people are born with.
A
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If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is
A) 0.1. B) 1. C) 10. D) 100.
A change in which of the following variables does not cause a change in demand?
a. prices of unrelated goods b. incomes of demanders c. the number of demanders d. tastes of demanders
_________ is where it is cheaper for separate products to be produced independently than for one firm to produce the same products jointly.
Fill in the blank(s) with the appropriate word(s).
In an open economy, a decrease in the government's budget deficit will ________ the domestic real interest rate and ________ the level of capital investment in the country, holding other factors constant.
A. increase; increase B. decrease; decrease C. decrease; increase D. increase; decrease