The branch of economic theory that analyzes decisions about education and training is

A. welfare economics.
B. equilibrium analysis.
C. human capital theory.
D. consumption theory.

Answer: C

Economics

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The Solow residual is a measure of

A) average labor productivity. B) average capital productivity. C) total factor productivity. D) the rate of growth of real GDP.

Economics

The entrance of the U.S. into the Korean War in June of 1950 led to:

a. deflation. b. an increase in the unemployment rate. c. a long and deep recession. d. a surge in consumer demand. e. All of the above.

Economics