Human capital differs from physical capital in that
a. human capital is intangible.
b. human capital is tangible.
c. physical capital is intangible.
d. human capital has no cost to acquire.
a
Economics
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Markets do not always allocate resources efficiently, however, government always does
a. True b. False
Economics
The elasticity of demand for employees is -0.50. It is also estimated that the existing minimum wage (price floor) has increased the raise the wage by 25% above equilibrium wage. How much would the employment change if the price floor was eliminated?
A) Employment would decrease by 12.5%. B) Employment would increase by 12.5%. C) Employment would decrease by 25%. D) Employment would increase by 25%.
Economics