In the market for education, the ever-increasing faculty salaries and costs of using technology in learning are blamed for increases in tuition fees. On the basis of this argument, which of the following statements is true?
a. Tuition fees increase due to an increase in demand for education
b. Tuition fees increase due to a decrease in demand for education.
c. Tuition fees increase due to an increase in the supply of education facilities.
d. Tuition fees increase due to an increase in the rate of interest on education loans.
a
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Assume a small nation has the following statistics: its consumption expenditure is $15 million, investment is $2 million, government expenditure on goods and services is $1 million, exports of goods and services to foreigners is $1 million, and
imports of goods and services from foreigners is $1.5 million. Calculate this nation's GDP.
Monica consumes only goods A and B
Suppose that her marginal utility from consuming good A is equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of A is $0.50, the price of B is $4.00, and the Monica's income is $120.00, how much of good A will she purchase? A) 0 B) 12 C) 24 D) 48 E) 120
An increase in personal saving as a percentage of disposable income contributes to capital deepening
Indicate whether the statement is true or false
Which statement about the structure of the Federal Reserve System is true?
a. It is made up of 12 separate banks spread around the country. b. It is a single bank located in New York. c. It is made up of 12 linked banks located in the eastern states. d. It is a single bank located in Washington D.C.