Public education is priced below market price largely as a result of
A) government subsidy programs.
B) under-funded public education.
C) rising test scores by students.
D) taxpayers who contribute little to the funding of public education.
A
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Labor expenditures associated with carrying out an abatement process are considered to be part of
a. capital costs b. fixed costs c. operating costs d. implicit costs e. none of the above
Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, a decrease in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Cost minimization suggests that two inputs should be employed to the point where
A) the marginal cost of each input is identical. B) the marginal revenue product of each input is identical. C) the marginal physical product per dollar spent on each input is identical. D) the extra contribution to physical output of the inputs is identical.
Globalization had to be put into effect to revive developed economies after the financial crises of the 1990s
a. True b. False Indicate whether the statement is true or false