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Author Question: A person's stock of skills to produce economic value is referred to as: A) fixed capital. B) ... (Read 48 times)

skymedlock

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on: Jun 29, 2018
A person's stock of skills to produce economic value is referred to as:
 
  A) fixed capital.
  B) human capital.
  C) personal wealth.
  D) personal capital.

Question 2

If households were to switch production away from an equal division of chores
 
  (e.g., doing dishes, mowing the lawn, etc.) to a system based on specialization and trade, the efficiency of household production would probably ________ and leisure time would probably ________.
  A) decrease; decrease
  B) decrease; increase
  C) increase; increase
  D) increase; decrease


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Sophiapenny

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


skymedlock

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Reply 2 on: Jun 29, 2018
:D TYSM

Dnite

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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