Which of the following is considered human capital?
a. the ingredients a chef uses to prepare meals
b. the pots and pans and other tools a chef uses to prepare meals
c. the financial capital a chef uses to start his own restaurant
d. the skills a chef learns when attending a class about cake decorating
d
You might also like to view...
In the long-run ISLM model and with everything else held constant, as long as the level of output ________ the natural rate level, the price level will continue to ________, shifting the LM curve to the ________, until finally output is back at the
natural rate level. A) exceeds; rise; right B) exceeds; rise; left C) remains below; fall; left D) remains below; rise; right
If an asset's beta is high, its
A) diversifiable risk and expected return are high. B) nondiversifiable risk and expected return are high. C) diversifiable risk is high; its expected return is low. D) nondiversifiable risk is high; its expected return is low. E) total risk is high; its return could be any amount.