A decrease in the amount of human capital acquired by workers will lead to decrease in the supply of labor
Indicate whether the statement is true or false
FALSE
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Which of the following is a way to obtain endogenous growth:
A) inflation. B) human capital accumulation. C) physical capital accumulation. D) population growth.
If we start to think that Medicare will pay for all of our medical needs as we age, then our likely actions will lead to:
A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds will cause interest rates to rise. D) a shift in the demand for loanable funds will cause interest rates to fall. E) there will be an excess supply of loanable funds.
Refer to the graph shown. A decrease in production costs is likely to cause a movement from:
A. B to D. B. B to A. C. C to A. D. C to D.
Suppose that, when producing 10 units of output, a firm's AVC is $22, its AFC is $5, and its MC is $30. This firm's:
A. ATC is $35. B. ATC is $57. C. total cost is $270. D. total cost is $30.