With regard to investments in human capital, China has been
a. devoting resources to investment in education that could have been used for consumer goods.
b. upgrading its school systems.
c. sending many Chinese students to universities in other countries.
d. all of the above
d
Economics
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There is no incentive for additional producers of an information product to enter the industry when the price charged for these products by each firm already in the industry is equal to
A) marginal cost. B) average total cost. C) average fixed cost. D) average variable cost.
Economics
Refer to the given balance sheets. If the reserve ratio is 25 percent, the maximum money- creating potential of the commercial banking system is:
A. $36.
B. $17.
C. $48.
D. $24.
Economics