The figure above shows that the unregulated market equilibrium occurs at a tuition of ________ a year and ________ million students
A) $15,000; 7.5
B) $25,000; 15
C) $15,000; 15
D) $25,000; 7.5
E) $38,000; 7.5
A
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All of the following describes Nazi Germany's economic system, except that
A. the ownership of land, labor and capital was in private hands. B. it was highly nationalistic with much of its production directed toward military goods and services. C. the government dictated what was to be produced. D. a major goal was to redistribute income from the wealthy and the middle class to the poor.
According to Tobin's q theory, when equity prices are high the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________
A) cheap; low B) dear; low C) cheap; high D) dear; high
All persons over age 16 who are either working for pay or actively seeking paid employment refers to:
A. Per capita GDP. B. The labor force. C. The unemployment rate. D. The CPI.
A minimum wage law dictates
A) the minimum quantity of labor that a firm must employ. B) the lowest wage that firms may pay for labor. C) the highest wage that firms must pay for labor. D) the minimum qualifications for labor.