The return on human capital
A) tends to be much greater than the return on physical capital.
B) tends to be much lower than the return on physical capital.
C) is similar to the return on physical capital.
D) cannot be related to the return on physical capital since human capital and physical capital are so different.
Answer: C
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Refer to Scenario 12.2. This scenario describes a volunteer's dilemma
Explain what would likely happen if the pool of potential kidney donors increased from 2 friends (Jerome and Eliza) to 4 friends in terms of the likelihood of any one person volunteering to donate a kidney and in terms of the likelihood that no one at all would donate a kidney.
If Maria spends a fixed dollar amount per week on movie rentals regardless of changes in the price, Maria's demand for movie rental can be considered:
A. elastic. B. unit elastic. C. inelastic. D. There is not sufficient information to determine the price elasticity.