Ralph is a plumber. Which of the following are included in his human capital?
a. the knowledge he learned on the job, and the tools he uses
b. the knowledge he learned on the job, but not the tools he uses
c. the tools he uses, but not the knowledge he learned on the job
d. neither the knowledge he learned on the job nor the tools he uses
b
Economics
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List six essential ingredients for economic growth
What will be an ideal response?
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A shoe producing firm decides to acquire a firm that produces shoe laces. This implies that
a. The firm's aggregate demand will be less elastic than the individual demand b. The firm's aggregate demand will be more elastic than the individual demand c. The firm's aggregate demand will be of the same elasticity as the individual demand d. None of the above
Economics