Suppose a state charges an in-state student $2,000 in tuition for a college education and charges an out-of -state student $10,000 in tuition. This differential
A) is a result of the state subsidizing education for its residents.
B) explains the difference between the demand curve for high-skilled and low-skilled labor.
C) explains the difference between the supply curve for high-skilled and low-skilled labor.
D) can be corrected via a negative income tax.
E) is an example of the positive theories of income redistribution.
Answer: A) is a result of the state subsidizing education for its residents.
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a. $2,300 b. $2,800 c. $1,200 d. $1,700
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The opportunity cost of leisure is impossible to measure because we cannot measure leisure time in dollars
a. True b. False Indicate whether the statement is true or false
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A. The rate never fully adjusts because the Fed announces planned changes so frequently. B. Sometimes it adjusts before the Fed even takes any action. C. It can take several days or weeks for rates to fully adjust to announced changes from the Fed. D. The rate usually adjusts immediately after the Fed takes action to change the rate.