Throughout the developing world, teacher absenteeism
A. has a much smaller impact on education than does student absenteeism.
B. is much lower than it is in developed nations.
C. is a problem that affects education.
D. is virtually unheard of.
Answer: C
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Which of the following statements best describes a price floor?
a) A price that suppliers can be sure to receive for their output. b) A price floor will cause an excess supply of a good. c) A price higher than the market equilibrium price. d) All of the above.
If the Federal Reserve increases the money supply, then initially people want to
a. sell bonds so the interest rate rises. b. sell bonds so the interest rate falls. c. buy bonds so the interest rate rises. d. buy bonds so the interest rate falls.
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, Joe's opportunity cost of selling a truck is selling:
A. 9 cars. B. 1/3 of a car. C. 4 cars. D. 1 car.
A government using fiscal policy in an attempt to stimulate the economy would do which of the following?
A. Raise taxes. B. Raise interest rates. C. Lower interest rates. D. Raise government spending.