A demand schedule relates prices of a particular good to quantities demanded.

Which of the following is correct? a. An increase in the quantity of labor always leads to economic growth

b. Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. c. A decrease in the productivity of labor leads to economic growth. d. Japan and Hong Kong are rich in natural resources.

Which of the following is an example of opportunity cost?

a. The Chinese food that you give up when you choose to eat Italian food. b. The tuition that you pay to attend college. c. For a professor of economics, the pleasure that he or she derives from teaching economics. d. Sweets given up by a person who would never eat them even if he or she could. e. The price paid for a ticket when you go for a movie.