Economists and the Congressional Budget Office find that
A. there are national studies that generally, but not conclusively, suggest the program is effective.
B. there are many national studies of Head Start effectiveness and nearly all show it to be effective.
C. there has been no study on the subject of Head Start effectiveness.
D. there are no national studies of Head Start that show its effectiveness.
Answer: A
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When economic growth occurs, the
A) economy moves along its production possibilities frontier. B) production possibilities frontier shifts outward. C) production possibilities frontier becomes steeper. D) production possibilities frontier shifts outward but no longer limits the amount that can be produced.
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Suppose that the nominal rate of interest is 7% and the inflation rate is 3%. The real rate of interest is equal to:
What will be an ideal response?
The basic truth that underlies the study of economics is the fact that we all face:
A. Death B. Taxes C. Risk D. Scarcity