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all of the following are characteristics of classical economics except... a) a free market economy b) a significant role for government in the running of the economy c) the idea of achieving market equilibrium d) the law of supply and demand
b) a significant role for government in the running of the economy
Expert answered|OxTornado007|Points 2006|
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Asked 8/8/2011 1:07:06 PM
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what is the purpose of a firm? a) to provide competition for households b) to direct a centrally planned economy c) to use natural resources wisely d) to produce goods and services
Weegy: d) to produce goods and services User: the primary measure of a nation's level of development is its? (More)
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Asked 8/8/2011 12:50:28 PM
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the primary measure of a nation's level of development is its? a) gross domestic product b) per capita gross domestic product c) population d) industrialization
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the primary measure of a nation's level of development is its? a) gross domestic product b) per capita gross domestic product c) population d) industrialization
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Education|No Subcategories|Expert Answered
Asked 8/8/2011 12:55:46 PM
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to measure the amount of human capital available in a country, it would be best to determine... a) the trading partners of that country b) if the nation is rich in natural resources c) the comparative advantage of the most profitable exported goods d) the literacy rate of that country
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Education|No Subcategories|Not Answered
Updated 257 days ago|8/9/2013 2:07:45 AM
1 Answer/Comment
D. The literacy rate of that country
Explanation: To answer this question we must first understand what is meant by "human capital". Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. Thus a literacy rate would be an indicator of the skills of a country's population.

I hope this helped :)
Added 257 days ago|8/9/2013 2:07:45 AM
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