In general, as individuals undertake additional years of schooling,

A) their stock of human capital increases.
B) the marginal productivity of individuals as workers declines.
C) the marginal benefit to society of the extra years of education increases.
D) the marginal productivity of individuals as workers becomes negative.

A

Economics

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The monetary base does NOT include which of the following items?

i. Federal Reserve notes ii. banks' reserves at the Federal Reserve iii. U.S. government securities owned by the Federal Reserve A) i only B) ii only C) iii only D) both i and ii E) both ii and iii

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________ is an industry with a single firm in which the entry of new firms is blocked.

A. An oligopoly B. A monopoly C. Monopolistic competition D. Perfect competition

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