Which of the following is NOT among the economic costs of a college education?
A. The cost of tuition
B. The cost of books and fees
C. The earnings forgone by spending time in school instead of working for pay
D. The cost of room and board
Answer: D
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Debbie Black played professional basketball for 8 years in Australia before returning home to America in 1996 to join the newly formed American Basketball League as a player for the Colorado Xplosion. Her 1995 earnings as a player in Australia were counted as part of
a. America's GDP and Australia's GDP b. America's GNP and Australia's GDP c. America's GDP and Australia's GNP d. America's GNP and Australia's GNP e. America's GNP but were not counted in Australia
In which case is velocity the highest?
a. the price level equals 4, the money supply equals 5,000 . and output equals 20,000. b. the price level equals 4, the money supply equals 20,000 and output equals 5,000. c. the price level equals 2, the money supply equals 5,000 . and output equals 20,000. d. the price level equals 2, the money supply equals 20,000 and output equals 5,000.
market
What will be an ideal response?
When Thomas Malthus argued that the prospects for human flourishing were gloomy and that starvation would eventually become the normal human condition, he was assuming that
A. self-interest will become more intense and religion will cease to be an influential force in society. B. epidemics will overpower the many technological advances that he expected. C. diminishing returns to production will become more apparent. D. diseconomies of scale will become more commonplace.