Public elementary and high school education in the United States is provided
A) as a free good.
B) as a subsidized good.
C) at the market clearing price.
D) in an amount less than the equilibrium quantity.
B
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How is the price of a financial asset, such as government bonds, related to the interest rate?
What will be an ideal response?
Inflation results in
A) ease of planning for the future. B) ease of comparing prices over time. C) lower nominal interest rates. D) difficulty interpreting relative price movements.
Which of the following fiscal programs is least likely to affect aggregate demand?
a. Defense spending b. Road construction c. Grants for scientific research and development d. Social Security for women e. Government purchases of labor
If imports exceed exports, as in recent years, then __________ exists.
a. a trade surplus b. a trade deficit c. a trade imbalance d. trade disequilibrium