In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
A) $12 billion per year
B) $6 billion per year
C) $4 billion per year
D) zero
A
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Small-denomination time deposits are
A) considered part of near money. B) included in the definition of both M1 and M2. C) the same as transaction deposits. D) included in the definition of M1, but not in M2.
A study found that privately-operated juvenile correction facilities in Florida had __________ costs but experienced __________ rates of recidivism than state-operated juvenile corrections facilities
a. lower, higher b. lower, lower c. higher, equivalent d. higher, lower e. lower, equivalent
Other things the same, which of the following could explain a rise in Sweden's net capital outflow?
a. interest rates on Swedish bonds rise b. the probability of default on Swedish bonds rises c. Sweden enacts a law reducing taxes on income earned by foreign-owned businesses operating in Sweden d. None of the above are correct.
Free riders enjoy:
A. negative externalities from others' choices to pay for a good. B. positive externalities from others' choices to pay for a good. C. positive externalities from a good they choose to buy themselves. D. positive externalities transferred from consumers who receive subsidies.