In public education, the value of the services provided is
A. greater than the value that parents and students place on the services.
B. zero since they are a public good.
C. less than the value that parents and students place on the services.
D. equal to the value that parents and students place on the services.
Answer: A
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Refer to the scenario above. Which of the following is likely to happen if Mike confesses while Rita does not confess?
A) Both of them will be let free. B) Mike will be let free while Rita will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Rita's score while Mike will be suspended.
In the steady state of Solow's exogenous growth model, an increase in the growth rate of labor force
A) increases output per worker and increases capital per worker. B) increases output per worker and decreases capital per worker. C) decreases output per worker and increases capital per worker. D) decreases output per worker and decreases capital per worker.
According to the Keynesian model, a decline in the expected price level
a. will increase the inflation rate a central bank must generate to achieve a target level of unemployment. b. will decrease the inflation rate a central bank must generate to achieve a target level of unemployment. c. will not affect the inflation rate a central bank must generate to achieve a target level of unemployment. d. will not impact the effectiveness of monetary policy.
Assume Mimi's budget constraint is shown in the graph shown. If earrings cost $7, then hairbands must cost:
A. $3.50.
B. $7.
C. $5.25.
D. $4.