If the benefits to society of students attending college exceed benefits to the students,
a. higher education should be strictly regulated
b. higher education should be taxed
c. higher education provides a positive externality
d. higher education is overproduced at the privately determined equilibrium
e. in time, no higher education will be produced
C
You might also like to view...
If a worker receives 6 percent higher nominal wages over a year in which inflation is 2 percent, the worker's real wages have
A) risen by 8 percent. B) risen by 4 percent. C) risen by 3 percent. D) fallen by 3 percent. E) fallen by 4 percent.
The equilibrium price is the price where quantity demanded is equal to supply
a. True b. False Indicate whether the statement is true or false
Unlike the New York Stock Exchange, NASDAQ is an electronic stock market with trades executed through a sophisticated computer and telecommunications network
Indicate whether the statement is true or false
According to the following table, how much higher are prices in 2021 compared to in 2019?
a. 48 percent
b. 75 percent
c. 93 percent
d. 175 percent