India's rapid growth can be explained by
A) reduced regulations and market-based reforms.
B) an increase in labor force participation.
C) investment in human capital from 1947 through 2015.
D) the movement of workers from the agricultural sector to the manufacturing sector.
A
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The certainty effect occurs when people put ________ weight on outcomes that they consider to be ________ relative to ________ outcomes
A) excessive; certain; risky. B) low; certain; risky. C) low; recurring; rare. D) excessive; risky, certain.
Which of the following is an implicit cost?
a. salaries paid to owners who work for their own firm b. interest on money borrowed to finance equipment purchases c. cash payments for raw materials d. wages paid to hourly employees e. foregone rent on office space owned and used by the firm