Which of the following is not important for the development of human capital?
A. Immunizations and basic health care.
B. High levels of military spending.
C. Educational opportunities.
D. Access to water and sanitation.
Answer: B
Economics
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The basic problem addressed in economics is
a. scarce resources and unlimited wants b. scarce wants and unlimited resources c. cost minimization d. how to manage a financial portfolio e. unlimited time and unlimited potential
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A minimum wage law might increase wages without reducing employment if the hiring firm is
a. in perfect competition. b. a monopolist. c. a monopolistic competitor. d. a monopsonist.
Economics