Which of the following is an example of human capital?
a. a student loan
b. knowledge learned from reading books
c. training videos for new corporate employees
d. All of the above are correct.
b
Economics
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An increase in income in an open economy nation will cause a change in consumer spending on home production, and a(n):
a. increase in taxes. b. decrease in savings. c. increase in foreign production. d. increase in imports if MPCF (marginal propensity to consume foreign goods) is greater than zero.
Economics
In a second-price sealed-bid auction, ________
A) bidders submit their bids privately B) bidders place their bids one after another C) bidders know each other's bid D) bidders bid above their willingness to pay
Economics