The positive externality associated with education is
a. producers can get higher prices for their goods and services
b. less crowding in classrooms
c. the increase in society's well-being and economic growth
d. the moderation in technological progress associated with basic research
e. the inability of non-contributors to benefit from education
C
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The above figures show the market for hamburger meat. Which figure(s) shows the effect of a decrease in the price of a hamburger complement such as hamburger buns?
A) Figure A B) Figure B C) Figure D D) Figures A and B
Explain and demonstrate graphically how targeting the federal funds rate can result in fluctuations in nonborrowed reserves
What will be an ideal response?
An economic expansion reflects
a. any movement from disequilibrium to a new equilibrium b. the increase in output and decrease in employment level following a recession c. the increase in output and employment levels following a recession d. the rising wage rates that follow economic instability e. instability in government tax revenues.
Consider the following ratio: the average annual inflation rate/the average annual money growth rate. If a country's rate of money growth consistently exceeds the rate of inflation the ratio would be:
A. less than one. B. exactly one. C. that is infinite. D. greater than one.