Which of the following provides the clearest example of human capital?
A) Automated equipment that can be used without any accompanying human labor
B) Corporate stock owned by individuals and families rather than institutions such as mutual funds or corporations
C) Machinery that has been designed and constructed by human beings
D) Tools that cannot be used effectively except in combination with workers
E) The ability to read
E
You might also like to view...
An example of a demand shifter is:
A) factor prices. B) technology. C) consumer preferences. D) producer expectations.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real GDP and net nonreserve international borrowing/lending balance in the context of the Three-Sector-Model? a. Real GDP rises and net nonreserve international
borrowing/lending balance becomes more positive (or less negative). b. Real GDP rises and net nonreserve international borrowing/lending balance becomes more negative (or less positive). c. Real GDP falls and net nonreserve international borrowing/lending balance becomes more positive (or less negative). d. Real GDP and net nonreserve international borrowing/lending balance remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.