Which of the following are reasons to suspect spending on education might overestimate human capital investment?
A) Education spending leaves out foregone wages.
B) Part of total spending on education is really consumption.
C) Much human capital investment comes from on-the-job training.
D) all of the above
E) none of the above
B
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If equilibrium is present in the foreign exchange market and a nation is experiencing a trade surplus,
a. the nation must be experiencing a net capital inflow. b. the nation must be experiencing a net capital outflow. c. the nation's inflation rate must increase. d. the nation's interest rate must increase.
Which of the following is correct?
a. Economic forecasts are precise and aggregate spending responds almost immediately to interest rate changes. b. Economic forecast are precise and aggregate spending responds to interest rate changes with a lag. c. Economic forecasts are imprecise and aggregate spending responds almost immediately to interest rate changes. d. Economic forecast are imprecise and aggregate spending responds to interest rate changes with a lag.