Increases in human capital can come
A) only from formal schooling.
B) from employing more machinery.
C) only from on-the-job experience.
D) from formal education and on-the-job learning.
E) from nowhere because whatever human capital an individual possesses is what he or she was born with.
D
You might also like to view...
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the current international transactions balance and monetary base in the context of the Three-Sector-Model? a. The current international transactions balance rises and
monetary base rises. b. The current international transactions balance falls and monetary base falls. c. The current international transactions balance falls and monetary base rises. d. The current international transactions balance and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The portion of the public debt held outside federal agencies and the Federal Reserve is:
A. larger than the portion held by federal agencies and the Federal Reserve. B. smaller than the portion held by federal agencies and the Federal Reserve. C. equally split between U.S. and foreign lenders. D. all held by foreign lenders.