Which of the following is a statement of positive economics?
a. I hope unemployment comes down soon.
b. President X's way of dealing with unemployment is better than President Y's.
c. I think everyone should sacrifice to reduce the deficit.
d. If taxes are reduced, unemployment will drop.
d
Economics
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The concept of human capital describes
A) human skills, that is, the quality of labor. B) human population, that is, the quantity of labor. C) the number of machines per employed worker. D) the number of workers per operating machine. E) the number of machines (capital) that have been produced by people (humans).
Economics
In the equation of exchange, if velocity is stable in the long run,
A. %?V is a positive constant value > 0. B. %?V = infinity. C. %?V = 1. D. %?V = 0.
Economics