The market will produce ________ level of education when we ________ its external benefits.
A. more than an efficient; do not consider
B. more than an efficient; do consider
C. an efficient; do not consider
D. less than an efficient; do not consider
Answer: D
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Answer the following statements true (T) or false (F)
1. The poverty rate for female householders without a husband present exceeds the poverty rate for blacks and Hispanics. 2. The biggest disincentive to employment for those on welfare is the effect of taxes as they earn income. 3. For many welfare recipients, taking a job reduces income. 4. As incomes rise, transfer benefits to the poor decrease. 5. A minimum wage rate job raises a family out of poverty.
Exchange rates are for currency what:
a. c, d and e. b. discounts are for sales. c. interest is for capital. d. prices are for apples. e. wages are for labor.
The different methods by which the sellers inform their potential buyers about the product is called:
a. knowledge transfer. b. advertising. c. product offering. d. information dissemination.
The level of aggregate output that can be sustained in the long run without inflation is known as
A. nominal output. B. potential output. C. real output. D. money output.