Standardized tests do not receive universal acceptance as being helpful in making schools more accountable. Discuss why.
What will be an ideal response?
Fears of schools "teaching to the test" and racial bias in test outcomes have led to questions
about the effectiveness of this method.
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Define monopsony
In addition to keeping interest rates too low for too long, the Fed also:
A. overestimated the importance of the housing sector for the whole economy. B. kept government spending too high for too long in the years leading up to the recession. C. ran too great of a budget surplus in the years leading up to the recession. D. underestimated the impact of a decline in the housing sector on the whole economy.
A firm is producing 100 racing bicycles at a total cost of $84,000. The firm's fixed cost is $24,000. What is the average variable cost?
a. $840 b. $640 c. $600 d. $240
Recall the Application about how cable TV providers respond to the threat of potential competitors to answer the following question(s).Recall the Application. Aside from fending off potential entrants into their markets, cable TV decided to lower their prices because:
A. they wanted to discourage price regulation by the government. B. they wanted more people to enjoy the benefits of cable TV. C. their marginal costs dropped a lot with the arrival of the internet. D. All of these are reasons mentioned in the Application.