A college education is a(n)

A. investment in human capital.
B. form of innovation.
C. public good.
D. mediated settlement.

Answer: A

Economics

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The principle of comparative advantage was developed by

A. Harry Truman. B. David Ricardo. C. John Maynard Keynes. D. Adam Smith.

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Refer to Table 4-7. If a minimum wage of $11.50 an hour is mandated, what is the quantity of labor supplied?

A) 40,000 B) 570,000 C) 610,000 D) 1,180,000

Economics