It is impossible to figure out the "true" or "final" cost of getting an education at public schools because
A) no one has an incentive to keep accurate figures.
B) an education at any public school is in most, if not all cases, a free good.
C) an education is necessary.
D) things in themselves have no cost.
D
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In the market for factors of production, firms earn income by selling goods and services to households
Indicate whether the statement is true or false
The induced retirement effect
A. causes a decrease in savings because people retire earlier. B. causes a decrease in savings because people retire later. C. causes an increase in savings because people retire later. D. causes an increase in savings because people retire earlier.
All eight countries known as the high-growth Asian economies are outwardly oriented for trade and investment, and all have experienced rapid growth by world standards
Indicate whether the statement is true or false
Holding other factors constant, if the retirement of many in people in the post-war baby boom generation reduces the portion of the population is the labor force, then the real wages of workers will ________ and employment of workers will ________.
A. increase; increase B. decrease; not change C. decrease; increase D. increase; decrease