On an individual level, our selection of one career rather than another represents which of the following economic concepts?

a. productivity
b. externality
c. opportunity
d. specialization

d. specialization

Economics

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As the result of an increase in the price of capital, the demand for labor would ________, the supply of labor would ________, and the quantity of labor hired would ________

A) decrease; remain the same; decrease B) decrease; decrease; decrease C) decrease; increase; remain the same D) increase; remain the same; decrease

Economics

Investment occurs when:

a. firms are very profitable and have lots of extra cash on hand. b. there is a reduction in risk-aversion. c. the expected real interest rate is less than the expected real return on the investment project. d. individuals realize that there are greater long-term gains in the equity and credit markets.

Economics