When an employer pays the cost of educating a worker, it is likely that the employer
a. is demonstrating altruistic motives.
b. is pursuing some objective other than profit-maximization.
c. hopes to recapture its investment in the form of increased labor productivity.
d. receives reimbursement from the government for the cost of the education.
C
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A change in which of the following causes a movement along — not a shift in — the IS curve?
A) autonomous consumption B) government purchases C) financial frictions D) all of the above E) none of the above
Government debt held by citizens of a country is:
A. more like an individual's debt because paying interest on it involves no net reduction in domestic income. B. more like an individual's debt because paying interest on it involves a net reduction in domestic income. C. less like an individual's debt because paying interest on it involves no net reduction in domestic income. D. less like an individual's debt because paying interest on it involves a net reduction in domestic income.