The presence of positive externalities _____ justify the current structure of government programs for higher education.
A. should
B. does
C. should not
D. does not
D. does not
You might also like to view...
An economy recovering from a recession
A) moves up from its trough to a period of expansion. B) moves up from its peak to a period of expansion. C) moves down from its trough to a period of depression. D) moves down from its peak to a period of expansion.
What happens when the government imposes a unit excise tax on a good?
A) The amount of the tax is added to the current equilibrium price. B) The demand for the newly taxed good decreases. C) That good's supply curve shifts down by the amount of the tax. D) The newly taxed good's supply curve shifts vertically upward by the amount of the per-unit tax being levied.
The term "depreciation" in the national income accounts refers to
a. the adjustment of GDP for inflation. b. plant and equipment "used up" in producing current output. c. citizenship differences among income recipients. d. government transfer payments minus tax revenues.
The more elastic the demand, the less consumers will respond to a change in price
a. True b. False Indicate whether the statement is true or false