Which of the following reasons is not a likely explanation as to why college completion rates are greater, on average, for whites than for blacks?
A. Tuition costs are lower for whites than blacks.
B. Whites have access to more financial capital to pay for college than blacks.
C. Postcollege wages are higher for whites than for blacks.
D. Whites are more able to postpone earnings at age 18 than are blacks.
E. Whites have greater access to higher quality public education at the elementary and secondary level.
Answer: A
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If the current price of a bond is less than its face value,
A) an investor will receive a capital gain by holding the bond until maturity. B) the yield to maturity must be less than the current yield. C) the coupon rate must be greater than the current yield. D) the coupon rate must be equal to the current yield.
Contracts are enforced by
a. the firms that make the contracts through buy-out clauses b. law firms that specialize in contract enforcement c. corporations specializing in contract writing and enforcement d. the government through the judicial system e. both households and firms through customer relations departments
A decrease in the size of a tax is most likely to increase tax revenue in a market with
a. elastic demand and elastic supply. b. elastic demand and inelastic supply. c. inelastic demand and elastic supply. d. inelastic demand and inelastic supply.
Which of the following is considered to be a tel-tale signal that the point with the highest total utility has been found?
A. the marginal utility per dollar is the same for both goods B. the marginal utility per dollar is controlled by trade-offs C. the demand curves are flatter reducing quantity D. the quantities demanded change so total utility rises