In the United States, the average government subsidy for a college education at a private institution is approximately ________ for every $1 spent by the student.
A. $10
B. $5
C. less than $0.65
D. $2
Answer: C
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Capital Funding
What will be an ideal response?
Other things constant, a decrease in consumer income will do which of the following?
a. Cause a movement along the demand curve for large-screen television sets, but it will not shift the demand curve. b. Decrease the demand for large-screen television sets. c. Increase the demand for large-screen television sets. d. Have no impact on the quantity demanded or the demand curve for large-screen television sets.
Which of the following statements is true?
A. OLS estimates in censored regression models are consistent estimators of the population coefficients. B. In a truncated regression model, the samples are not included randomly from an underlying population but are based on a given rule. C. In a censored regression model, units in the sample are taken from a particular subset of the population. D. Maximum likelihood estimators are consistent in truncated regression models even if there is nonnormality or heteroskedasticity in the error terms.
If government set a maximum price of $45 in the market:
A. a shortage of 21 units would arise.
B. a surplus of 21 units would arise.
C. a surplus of 40 units would arise.
D. it would create neither a shortage nor a surplus.