Investment in human capital shifts the aggregate supply curve leftward.
Answer the following statement true (T) or false (F)
False
Investment in human capital shifts the aggregate supply curve rightward.
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Suppose Brandon's indifference curves are defined as U = (3/4)?FS + (1/4)?FH, where FS is consumption during sunny weather and FH is consumption during a hurricane. Further suppose Brandon receives 64 units of food when it is sunny and 16 units when there is a hurricane. If the probability of sunshine is ? = 0.75, expected food consumption is:
A. 28. B. 40. C. 52. D. 80.
It can be said that, ultimately, consumers are the driving force behind answers to the three basic economic questions faced by societies. Explain the consumer's role in providing these answers
Consider the following information for a family. The income for the family is $58,000; if the MPC is 0.6, and income increases by $13,000, then the increase in savings for the family is:
a. $5,400. b. $5,200. c. $420. d. $7,800.
One defining characteristic of pure monopoly is that the ________.
A. monopoly produces a product with no close substitutes B. monopoly uses advertising C. entry into the industry is relatively easy, but exit is difficult D. monopoly is a price taker