What is human capital?
A) It refers to those who work in financial services.
B) It means that human beings are similar to capital goods.
C) It refers to investments made by workers in education, training and experience.
D) It refers to investments made by employers to substitute new technology and capital for workers.
Correct Answer:
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Q37: Q38: The income leisure trade off Q39: Sam is currently earning $150,000 per year Q40: An increase in the wage will produce Q41: An increase in the wage will produce Q43: The firm will maximize profits if it Q44: The concept of "time preference" refers to Q45: In economics, the term, "investment," refers to Q46: The "price" of capital is Q47: The analysis of economic rent assumes that
A) is the
A)
A)
A) the interest
A)
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