Which of the following statements is correct?
a. Human capital per worker is a determinant of productivity.
b. A nation cannot be highly productive in producing goods and services without abundant quantities of natural resources.
c. Human capital and technological knowledge are the same thing.
d. All technological knowledge is proprietary.
a
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The Federal Reserve Board of Governors consists of:
a. 50 members selected by state legislatures. b. 12 members, one from each Federal Reserve District. c. 12 members nominated by the President and confirmed by the Senate. d. seven members elected by Congress. e. seven members nominated by the President and confirmed by the Senate.
The opportunity cost of attending college might best be described as
A. the lowest-valued alternative use of the student's time. B. the value that the student attaches to not working. C. the highest-valued alternative use of the student's time. D. the money that must be paid in order to attend college.