Which of the following will increase the level of human capital in an economy?
A. A decrease in the population.
B. An increase in land mass.
C. An increase in literacy rates.
D. An increase in factory capacity.
Answer: C
Economics
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When a service, such as medical care, is provided free of charge,
a. most people consume an infinite amount of it b. most people do not much care about getting good value for their money c. people do not derive any consumer surplus from it d. we say that the demand for it is perfectly elastic e. we say that the demand for it is perfectly inelastic
Economics
Governments can discourage consumption of certain goods by:
A. a subsidy to consumers in those markets. B. taxing substitute goods. C. imposing a minimum price above the equilibrium price. D. None of these policies decrease consumption of goods.
Economics