Knowledge, skills, and experience that make an individual more productive and able to earn a higher income are known as:
A) mental capital.
B) human capital.
C) sweat equity.
D) intangible capital.
B
Economics
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The real risk-free interest rate is determined by:
a. Consumer and business demand. b. Supply and demand forces in the real loanable funds market. c. International supply and demand for domestic currency in the foreign exchange market. d. The size of the government debt. e. None of the above.
Economics
When L.L. Bean decides to increase its prices due to general inflation, they must reprint the millions of catalogs they produce and distribute. The costs associated with doing so in response to inflation are called:
A. shoe-leather costs. B. menu costs. C. printing costs. D. tax distortions.
Economics