In the above figure, the long-run effect of providing university education at no charge to all qualified applicants would be to shift the curve SH
A) and the curve SL leftward.
B) and the curve SL rightward.
C) leftward and the curve SL rightward.
D) rightward and the curve SL leftward.
D
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What would be the Nash equilibrium of this simultaneous game?
a. Hit, Tell b. Not hit, Tell c. Hit, Not tell d. Both B&C
In the United States, dumping is
a. encouraged because it lowers prices for consumers b. prohibited by the Trade Agreement Act of 1979 c. discouraged by domestic consumers who benefit from the lower price d. encouraged because it encourages competition e. encouraged because it promotes expenditure on R&D
Which of the following is correct?
a. The Continental Congress used the inflation tax to help finance the American Revolution. b. The inflation is today a principal source of revenue for the U.S. government. c. There is no way a person can avoid the inflation tax. d. Governments can only raise revenues through taxation.
Compensating wage differentials explain some income differences.
Answer the following statement true (T) or false (F)