College tuition expenses have risen from 1982 to 2012 by
A. an amount equal to prices in general.
B. an amount greater than average prices.
C. an amount less than average prices.
D. the amount of the percentage increase in the overall CPI.
Answer: B
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Which of the following is not correct regarding dumping?
a. In the country where products are dumped, consumer surplus grows as a result of the dumping. b. Dumping involves the selling of a product by foreign producers at a price lower than that in their own countries. c. Critics of dumping recommend applying a tariff as the correct antidumping measure. d. A major difficulty with dumping by firms in other countries is that it drives up prices to the domestic consumer. e. Predatory dumping is often aimed at driving domestic producers out of business.
Firms that have downward-sloping demand curves:
a. earn positive economic profits even in the long run. b. produce homogeneous products. c. operate in a perfectly competitive market structure. d. enjoy monopoly or market power. e. are price takers.
What does it mean to "monetize the deficit"? Why is it important in discussions of fiscal policy? Use an appropriate diagram to illustrate your answer
Competitive price-searcher markets are common in
a. retail selling. b. farming. c. basic manufacturing. d. electric power generation.