The World View article titled "The Education Gap between Rich and Poor Nations" says that 85 percent of all Americans graduate from high school. This is an example of
A. Capital-intensive production.
B. The inequitable distribution of income.
C. A negative externality.
D. Investment in human capital.
Answer: D
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If real estate prices are expected to drop, all else equal, the demand for bonds ________ and the interest rate_______
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
In order to practice price discrimination, a firm must:
A. avoid detection by the government. B. have some degree of market power. C. have a homogeneous product. D. advertise their product.
A television station reports that the price of coffee has increased but the quantity traded in the market has decreased. This situation would be caused by a(n):
A. Increase in demand B. Increase in supply C. Decrease in demand D. Decrease in supply
Explain what factors cause changes in output in: (1 ) the short run; (2 ) medium run; and (3 ) long run
What will be an ideal response?