Suppose an economy experiences a 5% increase in human capital. We know that this will cause
A) Y/N to increase by more than 5%.
B) Y/N to increase by exactly 5%.
C) Y/N to increase by less than 5%.
D) no change in Y/N.
E) a reduction in output per worker.
C
Economics
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All of the following are considered redistribution methods, EXCEPT:
A. Section 8 housing subsidies. B. Blue Cross Blue Shield. C. Medicare. D. progressive taxes.
Economics
The marginal propensity to consume is always
A) equal to zero. B) less than one. C) equal to one. D) greater than one.
Economics