Give a brief overview of how education attainment and elementary and secondary education spending has changed in the United States since 1940
What will be an ideal response?
The percentage of U.S. adults with a high school diploma has changed dramatically since 1940 . In 1940, 24.1 percent of adults had a high school diploma. That number had increased to 84.1 percent by the year 2000 . In terms of the percentage of U.S. adults with at least a college degree, that increased from under 5 percent in 1940 to over 25 percent in 2000 . Expenditures per pupil increased nearly sevenfold from 1940 to 2000, even after adjusting for inflation.
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The opportunity cost of owning and using a firm's capital is defined as the capital's
A) variable cost. B) fixed cost. C) economic depreciation. D) nonpayment depreciation. E) explicit cost.
In a small open economy, goods market equilibrium occurs when desired saving minus desired investment equals net exports. Explain
What will be an ideal response?
Glintz and Meck are two oligopolistic firms that agree to align their pricing strategies for the coming year. However, Glintz suspects that Meck will not honor the agreement. What can Glintz do to minimize its potential loss in this situation?
a. Form a cartel with Meck to ensure that collusion succeeds. b. Defect from the agreement first by lowering its prices. c. Convince other competitors to join the collusive oligopoly. d. Defect from the agreement first by raising its prices.
Technological advances in pollution reduction:
A. reduce the demand for pollution permits. B. increase the demand for pollution permits. C. reduce the supply of pollution permits. D. increase the supply of pollution permits.