Education
A) does not really add to one's human capital.
B) does not really affect one's income.
C) is a major factor affecting one's income.
D) explains all the differences in male-female incomes.
C
Economics
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As incomes rise, the income elasticity of demand for food
a. falls below one b. becomes equal to one c. rises above one d. remains stable e. cannot be calculated
Economics
A steep LM curve implies that
A) an increase in government spending will change output by a relatively small amount. B) a decrease in taxes will change output by a relatively small amount. C) changes in government spending and taxes will have a large multiple effect on output. D) A and B.
Economics