How does time preference affect one's willingness to invest in human capital?
A) A higher rate of time preference tends to increase human capital investment.
B) A higher rate of time preference tends to decrease human capital investment.
C) A lower rate of time preference tends to decrease human capital investment.
D) Economists have found no relationship between time preference and human capital investment.
B
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Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged
A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000 C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000
The _____ is both a forum where farmers decide what their dues will purchase, and an organization that informally coerces payments from them
a. beekeeper's cooperative b. government cooperative c. beekeeper's association d. farmer's association