Which of the following creates a positive social rate of return?
a. Providing a free secondary education to the public
b. Paying higher wages to workers with college degrees
c. Offering government grants to private universities
d. Earning an advanced degree at a public university
a. Providing a free secondary education to the public
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Transfer payments are subtracted from national income to get to personal income
Indicate whether the statement is true or false
Describe the basic motives for businesses to merge
What will be an ideal response?
An increase in the federal budget deficit: a. only occurs when there is a deficit in the balance of trade
b. creates deflation. c. decreases aggregate demand. d. decreases the aggregate quantity demanded along a stationary aggregate demand curve. e. raises the equilibrium level of output and employment.
You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo:
A. is below its equilibrium price. B. is a normal good. C. is an inferior good. D. has inelastic demand.