Which of the following statements is correct?
a. Productivity is a determinant of human capital per worker.
b. Technological knowledge is a determinant of productivity.
c. Human capital and technological knowledge are the same thing.
d. All of the above are correct.
b
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The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million in imports, and GDP of $2,000 million would be
A) 0.1. B) 0.2. C) 0.5. D) -0.1.
Consider a game where individuals are asked to contribute to a public good. Then consider the best response function for individual i, with individual i's contribution measured on the vertical axis and "the average contribution by everyone else" on the horizontal. Then as the number of individuals increases, i's best response function shifts in.
Answer the following statement true (T) or false (F)