The equity argument for government financing of education _____
a. is dependent upon the socialization argument
b. does not imply government financing
c. does not imply government production
d. is dependent upon externalities being inframarginal
c
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What is the efficient quantity of snowboards in the above figure?
A) 0 B) 100 C) 200 D) 500
The unregulated, single-price monopolist illustrated in the figure above will set a price of
A) $2.00 per unit. B) $6.00 per unit. C) $8.00 per unit. D) $10.00 per unit.
A discouraged worker might ________
A) be counted as unemployed B) have tried to find a job during the month prior to the household survey, but without success C) have been prevented from working during the week prior to the household survey, due to illness or other temporary circumstances D) be waiting to return to a job from which he or she has been laid off E) none of the above
The consumer price index (CPI) is calculated
a. using a fixed basket of goods and, therefore, will tend to understate inflation. b. using a fixed basket of goods and, therefore, will tend to overstate inflation. c. using a constantly changing basket of goods and, therefore, will tend to understate inflation. d. using a constantly changing basket of goods and, therefore, will tend to overstate inflation.