The variable measured on the y-axis increases whenever the variable measured on the x-axis increases. As a result, the relationship between the variables will
A) be negatively sloped.
B) have a slope of zero.
C) be a vertical line.
D) be none of the above.
D
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Why might spending on basic literacy for girls have a social return that exceeds the private return?
What will be an ideal response?
The opportunity cost of an action is: a. the value of the best foregone alternative
b. the difference between the benefits that result and the expenses incurred as a result of the action. c. the same as the expected benefit of the action. d. the same for everyone who undertakes the action.
Workers who organize themselves along industry lines are represented by
A. Manufacturing unions. B. Skill unions. C. Craft unions. D. Industrial unions.
A good that is available for everyone to consume, regardless of who pays and who doesn't, is called a:
A. private good. B. external good. C. public good. D. spillover good.