The slope of a line
a. can only be calculated for straight lines
b. varies at different points along a straight line
c. indicates whether or not there is a causal relationship between variables
d. is independent of the units of measurement used
e. indicates how much the vertical variable changes for a given change in the horizontal variable
E
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The table above shows the marginal costs and marginal benefits of college education. The marginal private benefit of college education at the efficient amount of enrollment is
A) $20,000 per year. B) $16,000 per year. C) $12,000 per year. D) $14,000 per year.
The functions carried out by the Federal Reserve Banks include
a. supervising member banks in their districts. b. serving as fiscal agents for the federal government. c. supplying money in the form of Federal Reserve notes. d. All of these.
Which of the following best defines positive externalities?
a. Beneficial spillovers to a third party b. Monetary benefits to stakeholders c. Dollar values of societal benefits d. Rates of return for innovators
If in fiscal year 2015, the federal government receives $2.2 trillion in revenues and spends $3.5 trillion for goods and services, the national debt will
a. increase by $2.2 trillion. b. increase by $1.3 trillion. c. decrease by $1.3 trillion. d. decrease by $2.2 trillion.