According to your text, one reason for flat or falling achievement scores even in the face of substantially higher education subsidies may be that
A) the additional funds are being siphoned off by dishonest school board members.
B) some of the funds are going to social services rather than to enhance learning activities.
C) students are so unmotivated that no amount of spending will ever improve scores.
D) most parents do not support the schools or their children's educational activities.
Answer: B
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When Trina can afford bundles A and B but not C, she purchases bundle A. When Trina can afford bundles A and C, but not B, she purchases bundle C
We can conclude her preference ordering of the three bundles is (in order from most preferred to least) A) C, A, B. B) B, A, C. C) A, C, B. D) A, B, C.
The Keynesian transmission mechanism might get blocked if
A) investment is insensitive to changes in interest rates. B) the goods market is not in equilibrium. C) the money supply increases too quickly. D) interest rates are too high before they fall.
Related to the Economics in Practice on p. 297: According to the Economics in Practice, in a town with multiple newspapers
A. there are strong incentives for firms to differentiate and focus on the part of the market with less competition. B. there are strong incentives for firms to produce a similar product and focus on the part of the market with the most competition. C. there is virtually no possibility for firms to produce a similar product and remain in business. D. there are virtually no incentives for firms to differentiate and focus on the part of the market with less competition.
In the 1937-1938 economic downturn
A. the number of unemployed rose dramatically by about 5 million. B. industrial production fell by 30 percent. C. presidential as well as Federal Reserve policy helped to cause the decline. D. All of the choices are true.