An economist would describe college fees as
a. an investment in human capital.
b. a transfer payment.
c. a waste of parents' money.
d. an economic loss.
a
Economics
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When the economy switches production toward services and away from manufacturing and workers in the manufacturing industry are permanently laid off
A) frictional unemployment decreases. B) structural unemployment increases. C) cyclical unemployment increases. D) frictional and cyclical unemployment increase.
Economics
Australia has one of the most heavily subsidized agricultural sectors as a percentage of domestic GDP
Indicate whether the statement is true or false
Economics