An increase in human capital

a. is of secondary importance to economic growth compared to physical capital.
b. causes the production function to shift downward and become flatter.
c. causes the production function to shift upward.
d. causes the production function to shift downward.
e. can be separated from labor.

C

Economics

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Suppose there is an increase in autonomous consumption. Specifically, suppose c0 increases where C = c0 + c1YD. This increase in autonomous consumption will cause which of the following to increase?

A) equilibrium income B) equilibrium disposable income C) demand D) all of the above E) none of the above

Economics

When economists say that the supply for a product has decreased, they mean that the

A. product has become more expensive and thus consumers are buying less of it. B. supply curve has shifted to the left. C. product has become particularly abundant for some reason. D. supply curve has shifted to the right.

Economics