Which of the following has been found to be most effective in improving the quality of education?
A. Training women in the community to offer supplemental lessons
B. Distributing textbooks
C. Providing parents with information about the quality of the children's schools
D. Forcing students to study longer at home
A. Training women in the community to offer supplemental lessons
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Use the following graph, which shows the supply and demand for British pounds, to answer the next question.
D1 and S1 represent the initial demand and supply curves. What will be the new equilibrium point if there is an increase in consumer spending by the British on American products and a decrease in consumer spending by Americans on British products?
A. Point J B. Point C C. Point A D. Point H
Assume the firms in a monopolistically competitive industry initially are earning positive economic profits. Which of the following will not occur over time?
A) The firms' economic profits will be reduced. B) New firms will enter. C) Demand for the existing firms' output will become more inelastic. D) The number of substitutes available in the industry will increase.
Alcohol prohibition in the United States
A) abolished the production of liquor. B) abolished the consumption of liquor. C) abolished the distribution of liquor. D) accomplished all of the above. E) accomplished none of the above.
Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates
A) an increase to the U-3 unemployment rate. B) a decrease to the U-3 unemployment rate. C) no change to the U-3 unemployment rate. D) a decrease in the labor force participation rate.