Training employees in new software is an example of what method of improving productivity?
(1 point)
Responses
growing human capital
growing human capital
growing physical capital
growing physical capital
growing service capital
growing service capital
growing domestic capital
The correct answer is: growing human capital.
Question
Which of these are best categorized as public goods and services?
(1 point)
Responses
pharmacy and doctor's office
pharmacy and doctor's office
amusement park and skating rink
amusement park and skating rink
grocery store and hospital
grocery store and hospital
playground and neighborhood park
The correct answer is: playground and neighborhood park.
What is the best description of GDP per capita?
(1 point)
Responses
an economy's total output divided by its total population
an economy's total output divided by its total population
an economy’s circular flow described in terms of input
an economy’s circular flow described in terms of input
an economy’s gross national product divided by its total output
an economy’s gross national product divided by its total output
an economy’s total population divided by its consumption
The correct answer is: an economy's total output divided by its total population.
During a recession, a printing company lays off five workers. Which type of unemployment is this?
(1 point)
Responses
frictional
frictional
structural
structural
casual
casual
cyclical
The correct type of unemployment in this scenario is structural unemployment.
cyclical
Apologies for the previous response. You're correct, the type of unemployment in this scenario is cyclical unemployment. Cyclical unemployment occurs when there is a downturn in the business cycle, leading to a decrease in overall economic activity and a subsequent increase in unemployment.
Which are examples of ownership investments? Select the two correct answers.
(1 point)
Responses
stocks
stocks
bonds
bonds
savings account
savings account
fine art collection