The figure above shows the market for education, a good possessing an external benefit. In order to attain the efficient number of students, a government subsidy must equal ________ per student
A) $2,000
B) $8,000
C) $6,000
D) $10,000
E) $16,000
C
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It is reasonable to assume that in a developed economy technological shocks occur ________ across industries, which ________ the RBC theory of business cycles
A) randomly, opposes B) randomly, supports C) uniformly, opposes D) uniformly, supports
John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John
A) is risk averse. B) is risk loving. C) is risk neutral. D) has a negative marginal utility of wealth.
When a corporation needs capital to expand, its choices are
A. to sell stocks on a stock exchange. B. to sell bonds. C. to reinvest its own earnings. D. All of these responses are correct.
The sum of all past federal deficits minus any surpluses is called the
A) transfer balance. B) national deficit. C) national debt. D) national budget.