A possible budget reform involves:
a. a quadrennial budget
b. breaking down the budget into increasingly small budget lines.
c. appointing agency heads with different priorities than those of elected representatives.
d. to simplify the budget document by concentrating only on major groupings and eliminating line items.
e. to eliminate the operating budget.
d
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The figure above shows an education market in which the government is providing households with vouchers. Excluding the voucher, what do the students pay the schools?
A) $4,000 B) $8,000 C) $12,000 D) $16,000 E) $0
Over the period 1900-2014, which of the following countries experienced the highest average annual growth rate of real GDP per person?
a. Brazil b. China c. India d. Pakistan
Which of the following is true under monopolistic competition in the long run?
A. P = MC. B. P = MR. C. Profits are always zero. D. All of the choices are true in monopolistic competition.
When marginal utility is decreasing but still positive, then total utility is
A) increasing at a decreasing rate. B) negative. C) decreasing. D) increasing at an increasing rate.