School vouchers can be used to arrive at the efficient market equilibrium because vouchers
A) increase demand for schooling.
B) increase supply of schooling.
C) decrease the cost of schooling.
D) decrease supply of schooling.
A
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Refer to Table 13-4. At Victoria's profit-maximizing output
A) total revenue equals $24 and total cost equals $20. B) profit equals $2. C) total revenue equals $21 and total cost equals $17. D) total revenue equals $25 and total cost equals $22.
Total expenditure equals price times quantity
a. True b. False Indicate whether the statement is true or false
Which of the following is most sensitive to monetary policy?
a. Government expenditure b. Consumption spending c. Utility spending d. Investment spending
If real GDP doubles in 35 years, its average annual growth rate is approximately:
A. 1%. B. 2%. C. 3%. D. 4%.