In the figure above, with no government involvement and if the colleges are competitive, how many students are enrolled?
A) 8 million per year
B) 12 million per year
C) 10 million per year
D) 4 million per year
A
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Suppose that there are only two types of used cars, peaches and lemons. Peaches are worth $10,000, and lemons are worth $4,000. If the market is such that only lemons are sold, then used cars are
A) experience goods and the used car market has effective signals. B) experience goods and the used car market lacks effective signals. C) not experience goods and the used car market has effective signals. D) not experience goods and the used car market lacks effective signals.
Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have:
a. increasing returns to scale b. constant returns to scale c. decreasing returns to scale d. negative returns to scale e. none of the above
One source of economic growth is:
a. producing inside the production possibilities curve. b. producing outside the production possibilities curve. c. increasing capital. d. discouraging profit-seeking entrepreneurs.
As this was happening the big financial institutions stopped buying subprime mortages
What will be an ideal response?