The above figure shows the marginal private benefit and marginal social cost of a college education. If students receive a $10,000 voucher
A) no students will go to college.
B) less than 10 million students will go to college.
C) 10 million students will go to college.
D) more than 10 million students will go to college.
D
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What happens to the aggregate demand curve in the United States if the exchange rate increases so that U.S.-made products become more expensive?
What will be an ideal response?
The marginal propensity to consume plus the marginal propensity to save is always
A) equal to zero. B) greater than zero but less than one. C) equal to one. D) greater than one.
Not-for-profit organizations are often harder to run than for-profit firms.
a. true b. false
Automobiles create externalities because they are expensive and not everyone can afford the car they want.
Answer the following statement true (T) or false (F)