Which of the below is NOT TRUE for human capital? Group of answer choices   Human capital increases productivity.   Human capital makes for healthier people.   Human capital increases earning potential of workers.   Human capital increases the cost of labor and makes a nation less competitive globally.

Q: James earns $9.50 per hour and works full-time, while Alice earns $19 per hour but only works…

A: Opportunity cost is the cost/value of next best alternative forgone while making choice.

Q: Technological knowledge refers to Select one: a. All of the above are correct. b. The knowledge and…

A: Production refers to the process of turning inputs into useful output by using inputs (the factors…

Q: The graph shows the U.S. productivity curve in 1960. Draw a point to show real GDP per hour of labor…

A: GDP, or Gross Domestic Product, is used to assess the economic performance of a country. It shows…

Q: In Economics, "______________________   is the sum total of skills embodied within an individual:…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: What is the total utility at 3 units and the marginal utility when Jenna goes from consuming two…

A: The objective of the question is to find the total utility at 3 units and the marginal utility when…

Q: What does it mean "the opportunity of one action"? could you  discuss with examples how the…

A: "The opportunity cost of an action is what you should give up when you decide to make that choice.…

Q: Human capital refers to society’s understanding of the best ways to produce goods and services.

A: ‘Human capital’ refers to the compilation of ‘skills’, ‘education’ , ‘technical’ & ‘process…

Q: Technology and advances in technology: a) is a man-made asset used to produce final goods and…

A: a) is a man-made asset used to produce final goods and services.Technology refers to the application…

Q: Please help. Explain each Theory of mercantilism Adam Smith’s Laissez-Faire Theory Karx Marx’s…

A: Theory of Mercantilism :  The Mercantilist maintained provided that the way from which any nation…

Q: 1.The world’s poor constitute massive growth opportunities and profit potential for Multinational…

A: Topic chose- MNCs should play a leading role in unlocking the economic potential

Q: Exercise 1 Economic System Directions: Think of the country that applies traditional, command,…

A: An Economic system is a system that helps the government to makes plans and policies to allocate the…

Q: Offshoring involves a company subcontracting certain production function to a third party

A: One of the key objectives of companies and organizations in an economy is to gain maximum profit…

Q: California' s modern economy, which has positioned it as among the most productive economies in the…

A: Natural Resources: The term natural resources are those resources that we get from nature and these…

Q: The following questions are True, False, or Uncertain. Write 2-3 sentences to justify your answer.…

A: Economics as a subject deals with the study, allocation, and decision-making process of allocating…

Q: Explain, and show the change in the diagram below, how the increase in net investment will affect…

A: Production possibility curve shows the combination of two goods that can be produced with the given…

Q: Which was a theory introduced by Adam Smith? Select one: a. Theory of Population. b. Theory of…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: 1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of…

A: As per the policy, we will answer first three sub parts. If you want other questions to be solved,…

Q: Which one is considered a discouraged worker?       A person stopped looking for a job but would…

A: A person is said to be unemployed when he lies under the working-age population and wants to earn…

Q: Which of the following would not affect labor productivity, i.e. more output per unit of labor hour?…

A: Labor Productivity refers to measure the hourly output of a countries economy, more specifically it…

Q: Specialization is economically useful because it can   Question 7 options:   Help workers develop…

A: Economies of scale are cost benefits harvested by organizations when creation becomes effective.…

Q: No Plagiarism Please! • Distinguish between absolute advantage and comparative advantage.

A: A nation has an absolute advantage if it can manufacture a wide number of products with the same…

Q: Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount…

A: Here is the solution,

Q: Which of the following arguments are correct Multiple Choice ооо technological change will require…

A: Innovations in computers and communications together with, global competition are boosting Canadian…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Yes we can say that the trade of ghana with both the nations is a true impact of comparitive…

Q: on but leaves to make more money in an industrialized nation , it is referred to as   Select one :…

A: LDC refers to Least Developed Country. It is a designation given by the United Nations to identify…

Q: Describe the partners of an organization and Business models that alternate strategies and concepts…

A: Business models and organizations have partners and collaborate for the expansion of business.…

Q: d. If the Federal Reserve purchases $5 million in government bonds, and if the required reserve…

A: Largest possible increase in money = Initial increase in money supply * money multiplier. Money…

Q: The correct statement is: * The product life cycle is faster in more developed and developed…

A: Product life cycle refers to the period starting from when the product is introduced in the market…

Q: The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is…

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: Where is the UAE on the World’s Richest Countries list? a) What is he GDP and GDP per capita of the…

A: Hi! Thank you for the question, as per the honour code, we are allowed to answer three sub-parts at…

Q: Why is each of these statements somewhat misleading, based on economic principles? Explain (a)…

A: Economic migrants refer to form a potentially large group that includes people entering a state to…

Q: Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the…

A: Technology is widely acknowledged/valued in economics as the primary driver of economic growth in…

Q: Which of the following statement is true? In an individualistic society, an individual's identity is…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Clarify the difference between Basic and Applied research? You may justify your answer by providing…

A: Features of basic approach: -Entirely theoretical -aim is to expand knowledge-base -driven by…

Q: When the author states thal I anthropologv is comparative what do they mean A. anthropologists…

A: Anthropology is the scientific study of humanity's behaviour, biology, cultures, communities, and…