Colleges offer tuition scholarships even when they are running budget deficits because colleges
A) are public service institutions.
B) can often earn additional net income by offering tuition scholarships.
C) hope to receive contributions later from the recipients of scholarships.
D) set tuition levels and establish scholarship policies without considering the monetary advantages.
B
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In the above figure, to achieve the efficient amount of paper production, the government could impose a tax of
A) $2 per ton. B) $8 per ton. C) $26 per ton. D) zero, because the efficient amount is produced with no government intervention.
According to the rule of 72, a savings account with an interest rate of 12 percent will double in value in approximately:
A. 10 years. B. 6 years. C. 3 years. D. 8.5 years.
While developing countries have about ________ of the world's population, they produce less than ________ of the world's output.
A. 5/6; 1/4 B. 2/3; 1/3 C. 7/8; 1/8 D. 6/7; 1/2
Summarize how the law of supply explains the effects of price on the quantity supplied
What will be an ideal response?