The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, what is the price of college education?
A) $8,000 per year
B) $12,000 per year
C) $14,000 per year
D) $16,000 per year
C
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Checkable deposits are money because
A) they are protected by the Federal Reserve. B) they are guaranteed by banks. C) checks bounce when there are not enough funds to cash them. D) they can be converted into currency on demand and are used directly as a means of payment. E) only banks and other financial institutions can offer them.
What are lawmaking lags? What effect do they have on the use of discretionary fiscal policy?
What will be an ideal response?
Of the three economic growth theories, which is the most optimistic about the chances of real GDP per person growing indefinitely? Which is the most pessimistic? What accounts for the differences?
What will be an ideal response?
Provide a short definition of sustainable development
What will be an ideal response?