Investment in human capital
A) is quite different from and has a much lower return than investment in physical capital.
B) is just like investment in physical capital and has a return similar to that earned from other investments.
C) is just like investment in physical capital but has a much greater return than do other investments.
D) is not comparable to other investments in any way since human capital is embodied in the person.
B
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When the U.S. price level rises relative to other nations' price levels, then
A) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts rightward. B) U.S. exports decrease, U.S. imports increase, and there is a movement upward along the aggregate demand curve. C) U.S. exports increase and the aggregate demand curve shifts rightward. D) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts leftward. E) U.S. firms' profits increase and the aggregate demand curve shifts rightward.
An increase in imports increases aggregate demand
Indicate whether the statement is true or false