Net exports ________
A) are heavily determined by foreign demand for domestic goods
B) are heavily determined by domestic demand for domestic goods
C) are independent of domestic interest rate fluctuations
D) all of the above
E) none of the above
A
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The table above shows the marginal costs and marginal benefits of college education. The marginal private cost of college education at the efficient quantity of enrollment is
A) $8,000 per year. B) $12,000 per year. C) $14,000 per year. D) $16,000 per year.
An example of the ________ problem would be if Brian borrowed money from Sean in order to purchase a used car and instead took a trip to Atlantic City using those funds
A) moral hazard B) adverse selection C) costly state verification D) agency
An argument against increasing centralization in elementary and secondary education is _____
a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts
The president wishes not only to increase spending for education by $4 billion but also to maintain a balanced budget. Therefore, taxes will also be increased by $4 billion. What will happen to GDP?
A. It will increase. B. It will remain the same. C. It will decrease. D. It’s impossible to know without the multiplier.