Government subsidies for education are motivated by
A. concerns over disease.
B. concerns over creating jobs for teachers.
C. concerns over equity.
D. concerns over choice.
C. concerns over equity.
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To an economist, individuals are acting "rationally" if they are striving to do their best to achieve their goals
a. True b. False Indicate whether the statement is true or false
The long-run equilibrium level of RGDP only changes when the LRAS shifts
a. True b. False Indicate whether the statement is true or false
In recent years
A. our current account and capital account were both negative. B. our current account and capital account were both positive. C. our current account was positive and our capital account was negative. D. our current account was negative and our capital account was positive.
Which of the following is true of a market economy?
A. The government answers the basic economic questions of what gets produced, how it gets produced, and who gets it. B. It relies on millions of individual economic decisions to determine economic outcomes. C. Decisions are regulated by a central agency. D. In its pure form, it is also known as a command economy.