The figure above shows an education market in which the government is providing households with vouchers. In total, how much do the schools receive for a student?
A) $4,000
B) $8,000
C) $12,000
D) $16,000
E) $20,000
D
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Assuming the United States is the "domestic" country, if the real exchange rate between the United States and Russia decreases from 28 to 23,
A) the prices of U.S. goods and services have increased by 22% relative to Russia. B) the prices of U.S. goods and services have decreased by 5% relative to Russia. C) the prices of U.S. goods and services have increased by 25.5% relative to Russia. D) the prices of U.S. goods and services have decreased by 18% relative to Russia.
Refer to Table 8-32. The table above represents hypothetical data from the National Income Accounts for 2015. Use the data to calculate personal income and disposable income
What will be an ideal response?
Explain how a firm can have constant returns to scale in production and economies of scale in cost
What will be an ideal response?
A decrease in the relative price of economics textbooks will raise the aggregate quantity of an economy's goods and services demanded
a. True b. False Indicate whether the statement is true or false