Suppose society wants to increase the number of teachers in society but doesn't want to pay teachers any more in salary and benefits. This could only occur by
A) making it more expensive to become a teacher, perhaps by raising college tuition rates.
B) making it less expensive to become a teacher, perhaps by offering subsidies to college tuition.
C) making computers more powerful.
D) increasing the income of student parents.
B
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Since World War II, about ______ out of every ten family farms have disappeared.
A. one B. three C. five D. seven
Using the figure above, suppose a subsidy of $15,000 per student is provided to private colleges. When the market is in equilibrium, marginal social benefit ________ marginal cost, and the number of students enrolled is ________
A) exceeds; above the efficient quantity B) exceeds; below the efficient quantity C) is below; above the efficient quantity D) is below; below the efficient quantity E) equals; efficient
People in an open economy who wish to invest can either:
A. invest at home or abroad. B. buy stocks or bonds. C. buy financial assets or durable goods. D. invest in private companies or public companies.
A tax on buyers shifts the demand curve and the supply curve
a. True b. False Indicate whether the statement is true or false