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The concept of investment in human capital indicates that:
union workers are better educated and more productive than nonunion workers.
expenditures on education can be explained in essentially the same way as expenditures on machinery and equipment.
worker productivity correlates negatively with annual earnings.
the level of education is unrelated to the level of one's income.
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
The Euro zone fell into deflation in October (see Chart): prices fell by 0,2 % . Italy has experienced deflation for a few months. Unemployment in Italy is over 13% with youth unemployment 43.9% Contractionary policies in Italy have led to a fall in ..
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases
The special demand structure that induces a firm to use a cross-subsidization strategy is:
According to the production function, with 300 labor hours, illustrate what is this economy's capacity to produce
Suppose Microsoft chooses to produce 80 million copies of software per year and sells copies of software to retailers at $199 per copy. Now consider problem of a retailer like Circuit City or Best Buy.
Red Valve Co. of Carnegie, Pennsylvania, makes a control pinch valve that provides accurate, repeatable control of abrasive and corrosive slurries, outlasting gate, plug, ball, and even satellite coated valves. How much can the company afford to spen..
Write a difference equation for the amount of water in a reservoir behind a dam on a river. The reservoir holds 1 billion gallons of water when full. Annual water loss through evaporation equals 10% of the total in the reservoir.
Illustrate what happens to interest rates when the riskiness of bonds rises using the supply and demand for bonds framework. On another graph, illustrate what happens to interest rates when the riskiness of bonds rises using the liquidity preference ..
Explain how a decrease in a tax rate might decrease revenue from the tax in the short run but increase the tax revenue in the long run. Give an example of a tax that might have this property. Explain.
Most tax payments increase as GDP increases. Government spending influences spending indirectly. A deficit nation in a fixed exchange rate system can improve its balance of ayments by increasing _____. Why do economists insist on emphasizing the diff..
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