Over the past 50 years, there has been an increase in spending on public education without a noticeable improvement in student performance. One explanation given by economists on why student performance has not improved is that
A. the quantity of educational services has not increased beyond the pre-subsidy equilibrium.
B. schools are providing high-priced services that are not valued by parents.
C. too much competition for educational services.
D. not enough funds have been spent on public education.
Answer: B
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The Smoot-Hawley Act introduced
A) opportunities for expanding U.S. foreign trade. B) the highest tariffs set by the United States in the last 90 years. C) a framework promoting international free trade. D) revenue tariffs as a major source of U.S. government revenues.
Involuntary transfers are the type of transfers used in the case against government.
Answer the following statement true (T) or false (F)
What causes demand-side inflation? What causes supply-side inflation?
What will be an ideal response?
The marginal propensity to consume measures the ratio of the:
a. average amount of our income that we spend. b. average amount of our savings that we spend. c. change in consumer spending to a change in money holdings. d. change in consumer spending to a change in interest rates. e. change in consumer spending to a change in income.