Between 2001 and 2015, equilibrium college tuition rose from $15,000 to $27,000 and equilibrium enrollment increased from 16 million to 21 million students. These changes could be the result of
A) an increase in demand.
B) an increase in supply.
C) a decrease in demand.
D) a decrease in supply.
A
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Deviations from interest rate parity occur due to
A) transaction costs. B) government controls. C) political risk. D) All of the above.
Under free banking, banks are regulated by the Federal Reserve
Indicate whether the statement is true or false
Moving along a budget line, the prices of both goods:
A. vary and the consumer's budget is held constant. B. are held constant and the consumer's budget varies. C. and the consumer's budget are held constant. D. and the consumer's budget vary.
Accounting profit is equal to:
A. total revenue minus explicit costs. B. total revenue minus implicit costs. C. total revenue minus explicit and implicit costs. D. economic profit minus implicit costs.