_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves
a. Because of; strong
b. Despite; strong
c. Because of; weak
d. Despite; weak
b
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The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221If there were 200 sellers in the market, each with a supply schedule identical to seller 3 in the table above, then the weekly quantity of hamburgers supplied in the market at a price of $4 would be
A. 600. B. 400. C. 800. D. 200.
In the development of the IS curve, one variable that turns from exogenous to endogenous is
A) the interest rate. B) the price level. C) consumption. D) saving. E) investment.
Collusion:
A. rarely occurs in reality. B. never occurs in reality. C. has not occurred in the last hundred years or so, due to government policy outlawing it. D. is a common problem in reality.
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Which of the following is TRUE?
A. Mia has an absolute advantage in producing hair pins but not bandanas. B. Mia has an absolute advantage in producing bandanas but not hair pins. C. Mia has an absolute advantage in producing both goods. D. Mia does not have an absolute advantage in producing either good.