The academic ability of women studying to be teachers has declined in recent years because

A. the rate of pay for female teachers is much less than for equally-qualified male teachers.
B. of the increased outsourcing of teaching jobs.
C. bright women have other, more economically-lucrative opportunities.
D. the nominal rate of pay for all teachers has decreased.


Answer: C

Economics

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Consider the above figure. This curve suggests that as the government raises the tax rate, a point will eventually be reached at which the revenues that are collected will

A) increase. B) decline. C) approach infinity. D) become negative.

Economics

The ___________________is the amount that producers bring to market at any given price.

Fill in the blank(s) with the appropriate word(s).

Economics

Which of the following formulas accurately reflects this graph?



a. P* ($8) ? ATC ($7) ? q* (100) = $100
b. P* ($8) + ATC ($7) ? q* (100) = $1,500
c. P* ($8) ? ATC ($7) ÷ q* (100) = $.01
d. P* ($8) + ATC ($7) ÷ q* (100) = $.15

Economics

Monopolistic competition and perfect competition differ because

A) only monopolistically competitive firms will set MR = MC. B) only perfectly competitive firms will set MR = MC. C) only monopolistic competition allows for entry of other firms in the long run. D) only competitive firms take the price as given.

Economics