A larger labor force will allow the economy to produce more total output

When the Fed sells $100 worth of bonds to a primary dealer, reserves in the banking system

A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.

Answer the following questions true (T) or false (F)

1. One example of human capital is the amount of skills that you have. 2. In the market for factors of production, firms earn income by selling factors of production to households. 3. One example of physical capital is the amount of savings that you have.