In 2008 ___________ had the highest annual expenditures on public and private schools per student.
A. Spain
B. France
C. United States
D. Japan
C. United States
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The average investor must weigh the benefits of liquidity against
A) the high taxes generally levied on liquid assets. B) the lower returns on liquid assets. C) the high transactions costs involved in disposing of liquid assets. D) the greater variability in the nominal returns on liquid assets.
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC:
If the other island's delegate offers to give you 2 fish for every 1 coconut you give them, you will:
A. refuse their offer because the opportunity cost to you of a coconut is less than 2 fish. B. accept their offer because you do not have an absolute advantage in fish. C. accept their offer because you do not have the comparative advantage in fish. D. refuse their offer because the opportunity cost to you of a coconut is more than 2 fish.
The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
Running a negative campaign is ________ for the ________ candidate.
A. a dominant strategy; Democratic B. neither a dominant nor dominated strategy; Republican C. a dominated strategy; Democratic D. a dominated strategy; Republican
When there are diseconomies of scale in production:
a. long-run average total cost declines as output expands. b. long-run average total cost increases as output expands. c. average fixed cost increases as output expands d. marginal cost decreases as output expands.