Schooling is subsidized in the United States in part
A) so that the golden rule capital level can be reached.
B) because otherwise people would not get educated.
C) because there is a constitutional right to education.
D) because there is a positive externality from schooling.
D
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The two most important factors contributing to increased productivity in industrialized countries in the twentieth century were:
A. higher relative prices and technological progress. B. higher relative prices and a larger labor supply. C. technological progress and increases in the labor supply. D. technological progress and increases in the capital stock.
Net foreign investment is equal to
A) foreign direct investment. B) the balance of trade. C) capital inflows minus capital outflows. D) net foreign portfolio investment plus net foreign direct investment.
The interest rate effect suggests that the negative slope of the aggregate demand curve results at least in part because changes in the price level affect: a. domestic purchases of foreign goods
b. the holdings of money by households and firms. c. the real purchasing power of assets. d. the level of income.
A farmer receives a producer surplus of $100 for 10 tons of wheat. If the price he was willing to receive was $200 for the 10 tons of wheat, then the market price of 10 tons of wheat was $300
a. True b. False Indicate whether the statement is true or false