Which of the following is the best example of an investment in human capital?
a. on-the-job training received by an apprentice electrician
b. an increase in the number of hours worked per week by a worker in an unskilled laboring job
c. the purchase of company stock by a worker
d. payments into a retirement pension plan by a skilled laborer
a
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Toyota purchases a truck factory in San Antonio, Texas. This purchase is entered into which of the balance of payment accounts?
A) capital and financial account B) current account C) foreign account D) official settlements account E) trade account
Rainbow trout has the shortest fishing season, which causes a rapid decrease in its population. To prevent the extinction of the trout, the government initially imposed a quota on the total amount of fish caught. The quota was imposed on the fishing of rainbow trout to prevent _____
a. the free rider problem b. the tragedy of the commons c. asymmetric information d. deadweight loss