To a prospective full-time college student, the cost of a college education reflects the cost of
A. tuition and fees.
B. tuition.
C. tuition, fees, books, and supplies, plus any income foregone while in school.
D. tuition, fees, books, and supplies.
Answer: C
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Refer to Exhibit 10-3. When disposable income equals $2,300, saving equals
a. -$20. b. -$10. c. 0. d. $10. e. $20.
The Superfund for toxic waste was established for all of the following reasons except one. Which is the exception
a. sites get a lot of media attention b. Superfund sites are more hazardous than other sources of pollution, e.g., fertilizer residues c. the costs of cleanup are concentrated d. political pressure e. none of the above
Under rent control, tenants can expect
a. lower rent and higher quality housing. b. lower rent and lower quality housing. c. higher rent and a shortage of rental housing. d. higher rent and a surplus of rental housing.
If the national incomes of our trading partners increase, then our:
A. Aggregate demand decreases because C decreases B. Aggregate demand increases because C increases C. Aggregate demand decreases because net exports decrease D. Aggregate demand increases because net exports increase