In the view of human capital theorists, educational institutions are factories that take less productive workers as their raw materials and create more productive workers as output
a. True
b. False
Indicate whether the statement is true or false
True
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Government debt held by citizens of a country is:
A. more like an individual's debt because paying interest on it involves no net reduction in domestic income. B. more like an individual's debt because paying interest on it involves a net reduction in domestic income. C. less like an individual's debt because paying interest on it involves no net reduction in domestic income. D. less like an individual's debt because paying interest on it involves a net reduction in domestic income.
What type of economic system is commonly described as being controlled by an "invisible hand"?
A. a traditional economy B. a command economy C. a market economy D. a communist economy
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
When the demand and supply of grapes both increase at the same time, we can safely predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.