The largest component of state and local education spending is for

a. elementary and secondary education
b. colleges and universities
c. libraries
d. research
e. police protection


A

Economics

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In the above figure, the total producer surplus at the efficient level of output is ________

A) $4.5 million B) $9.0 million C) $2.5 million D) $3.0 million

Economics

The age-earning cycle usually begins

A) at relatively high income levels. B) at relatively low income levels. C) once a worker reaches 25 years of age. D) only when a worker is employed full time.

Economics

_____ refers to an enforceable set of promises to take certain actions over the future

a. A bond b. A contract c. A capitation fee d. A collusion

Economics

GDP excludes expenditures by:

A. businesses on pollution control equipment. B. business for travel and entertainment. C. consumers on used automobiles. D. government on military hardware.

Economics