The table above shows the marginal costs and marginal benefits of college education. The efficient amount of enrollment is
A) 12 million.
B) 20 million.
C) 16 million.
D) 24 million.
B
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Of the following methods that banks might use to reduce moral hazard problems, the one not legally permitted in the United States is the
A) requirement that firms keep compensating balances at the banks from which they obtain their loans. B) requirement that firms place on their board of directors an officer from the bank. C) inclusion of restrictive covenants in loan contracts. D) requirement that individuals provide detailed credit histories to bank loan officers.
Under Roosevelt's definition, poverty has remained about the same since 1936
Indicate whether the statement is true or false
Irregular weather patterns caused very poor yields for orange farmers. Which factor of supply would this change in the market for orange juice?
A. Technology B. Price of input C. Number of sellers D. Price of related good
Economists assume that monopolists behave as
a. cost minimizers. b. profit maximizers. c. price maximizers. d. maximizers of social welfare.