Investment in training is called:
A) current consumption.
B) human capital.
C) future consumption.
D) foregone income.
Correct Answer:
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Q4: A decrease in interest rate will:
A)rotate the
Q5: If a person's marginal rate of time
Q6: Figure 5A Q7: Consumer capital includes goods which are: Q8: In the life cycle model, total amount Q10: The present value of $1000 payable in Q11: Intertemporal choice requires knowledge of: Q12: If the increase income from sale of Q13: If a person's marginal rate of time Q14: According to Hotelling's Law, the price of
A)financed in
A)prices and interest
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