Education and training are examples of investment in human capital.
Answer the following statement true (T) or false (F)
True
Human capital leads to greater productivity as workers are able to use more productive physical capital.
You might also like to view...
Some cities have a relatively high residential property tax, while others have a low residential property tax. Give an explanation for this.
What will be an ideal response?
A group of friends recently started manufacturing specialty T-shirts. The business has grown rapidly, with monthly production up from 50 to 250 in the first 6 months. During this same period, average production cost has been cut in half
The firm's long-run average cost curve over this range of output A) is downward sloping. B) is upward sloping. C) is horizontal. D) may be any of the above.
Grocery store coupons, mail-in rebates, senior discounts, and in-state versus out-of-state tuition fees are all examples of:
a. government intervention. b. price neutrality. c. arbitrage pricing. d. price discrimination. e. illegal business practice.
The main advantage of using M2 instead of M1 as the measure for money is that
A. M2 is sometimes more stable. B. M2 can be measured more accurately. C. M2 includes only instantly accessible assets. D. M2 varies as the interest rate varies.