Which of the following is not a common rationale for government involvement in education?
a. Public education produces a positive inframarginal externality.
b. Public provisions of education makes students into better citizens.
c. Public financing of education is necessary on equity grounds.
d. all of the above
d
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What is liquidity? Why is money the most liquid of all assets? What is the cost of this liquidity?
What will be an ideal response?
If tax rates in a country increase, ________
A) the unemployment rate in the country will fall B) the gross domestic product of the country will decrease C) the country's expenditure on consumption will increase D) the aggregate price level of the country will rise
Based on the Figure 3.5, what is the optimal choice for hours spent on this activity?
A. 0
B. 8
C. There is no optimal choice.
D. There is not enough information to determine the optimal choice.
How has the pattern of movements in the U.S. price level changed since World War II?
A. The annual rate of inflation has never risen above 3 percent. B. The price level has become more volatile. C. Periods of deflation have largely been eliminated. D. Periods of inflation have largely been eliminated.