According to the textbook, people add to their stock of human capital by
A) divesting of their personal assets.
B) investing in their personal skills.
C) rearranging their pension portfolios.
D) attempting to systematically reduce, rather than expand upon, their human capabilities.
E) engaging in all the above.
Question 2
Refer to the figure above. Which of the following is likely to happen if a price control below the equilibrium price is imposed?
A) Quantity supplied will exceed quantity demanded.
B) Quantity demanded will exceed quantity supplied.
C) Consumer surplus will decrease.
D) Producer surplus will increase.
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