Human capital is generally acquired through:
A. education, training and experience of workers.
B. training, but not academic education.
C. job experience, but not training workshops because they are generally specific to certain job types.
D. occupational workshops only,because this is where workers attain job focused skills.
A. education, training and experience of workers.
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The economy's marginal social benefit curve for a public good is calculated by adding the
A) marginal cost of all the suppliers at each quantity. B) quantities supplied by all the suppliers at each price. C) quantities demanded by all the individuals at each price. D) marginal benefits of all the individuals at each quantity.
In the specific factors model, which of the following is treated as a specific factor?
A) land B) labor C) cloth D) food E) technology
The national debt refers to the difference between revenues and expenditures in any given year
Indicate whether the statement is true or false
Demand curves are formed by ______.
a. minimum prices people are willing and able to sell at b. maximum prices people are willing and able to pay c. minimum prices people are willing and able to pay d. maximum prices people are legally able to sell at