Between 1999 and 2015, throughout the world more children attended school:
A. which contributed to the drop in family cohesiveness in developing countries.
B. even in countries that did not experience strong economic growth.
C. only in those countries with free college education.
D. only in those countries with strong economic growth.
Answer: B
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A government policy that prevents the price of a good or service from falling below a specified level is called a price floor and usually results in
A. a shortage. B. a surplus. C. a black market. D. fewer producers of the good or service. E. a decrease in demand.
All points above the budget line are
A) inferior to every point on the budget line. B) preferred to every point on the budget line. C) unaffordable. D) Both answers B and C are correct.
An increase in foreign investment in Brazil's mining industry will increase the capital stock in Brazil. All else equal, as the capital stock increases, the marginal product of capital (MPK) will
A) increase due to diminishing marginal returns. B) decrease due to diminishing marginal returns. C) increase since capital is not subject to diminishing marginal returns. D) decrease since capital is not subject to diminishing marginal returns.
The U.S. income tax
a. discourages saving. b. encourages saving. c. has no effect on saving. d. will reduce the administrative burden of taxation.