Which factor of production does human capital enhance?

i. land
ii. labor
iii. capital
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii

B

Economics

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At the beginning of World War II, a rationing system was established in the United States. Ration stamps or cards were issued for a variety of commodities such as canned milk and gasoline. Canned milk was only available to babies and small children

In this example, canned milk was allocated through A) personal characteristics. B) market price. C) majority rule. D) first-come, first-served.

Economics

The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality

a. True b. False Indicate whether the statement is true or false

Economics