The above figure shows the marginal benefits and marginal costs of a college education. If no subsidies are paid, colleges charge tuition of
A) $0.
B) $5,000.
C) $10,000.
D) $15,000.
C
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A government budget surplus occurs during a budget year when
A) tax revenues = government spending. B) tax revenues + government spending = personal income. C) tax revenues > government spending. D) tax revenues < government spending.
Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor Corporation decides to make this investment at the going real interest rate, then
A) Ford's profits will decline. B) the demand for loanable funds increases. C) the supply of loanable funds increases. D) the quantity of loanable funds demanded increases. E) saving increases.
What would you expect the cross price elasticity of iPods and online music downloads? Explain your answer
What will be an ideal response?
When economists disagree, it is often over what type of issues?