Which of the following is NOT an example of investment in human capital?
A) a medical student's internship
B) the purchase of a personal computer for playing games
C) A mechanic attends a training workshop on a new type of engine.
D) Johnny learns how to read.
B
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We can explain the paradox of value as follows: The consumer surplus from water, which is cheap, is ________ than the consumer surplus from gold, which is expensive; the total utility from gold is ________ than the total utility from water; and the
marginal utility per dollar spent on water ________ the marginal utility per dollar spent on gold. A) greater; less; equals B) smaller; less; equals C) greater; greater; greater than D) less; greater; greater than
The rate at which banks will lend Eurodollars is
A) the prime rate. B) LIBOR. C) the discount rate. D) LIBID.