The funding of public education is
A) a private program.
B) a subsidy program.
C) done by voluntary contributions.
D) provided by Social Security.
B
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In the 1950s and 1960s the European unemployment rate tended to be ________ the U.S. unemployment rate, while in the 1990s the European unemployment rate tended to be ________ the U.S. unemployment rate.
A. higher than; higher than B. lower than; lower than C. higher than; lower than D. lower than; higher than
Which of the following describes the relationship between GDP and government spending?
a. Government spending = GDP + consumption + private investment - exports - imports b. Government spending = GDP - consumption - private investment - exports - imports c. Government spending = GDP - consumption - private investment + exports + imports d. Government spending = GDP - consumption - private investment - exports + imports e. Government spending = GDP + consumption - private investment + exports - imports
The basic premise behind worker trade-offs in a market economy is that:
A. workers decide how to allocate their time between work and leisure. B. workers don't decide how much leisure to have. The amount of leisure depends on the number of hours they must work, which is determined by the firm. C. the trade-off between work and leisure is determined by factors other than what workers or firms would determine to be optimal. D. firms decide how much workers must work and workers decide how much leisure to have.
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, which of the following is most likely to occur?
A) The supply curve of real estate brokers will shift to the left. B) The supply curve of real estate brokers will shift to the right. C) Social welfare will remain unchanged. D) The supply curve will remain unchanged.