Public schools, which educate most students through high school, are paid for primarily by
a. state governments.
b. local governments.
c. the federal government.
d. taxpayers directly.
b
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"Ceteris paribus" means:
a. if events A and B occur together, one must cause the other b. all relevant details are included c. what is true for the individual must be true for the whole. d. holding other things constant.
Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed?
a. 1.425 million b. 1.5 million c. 2.5 million d. 5 million
Which of the following statements is false?
A) Private equity firms often need to borrow the money needed to buy a public corporation. B) Once a private equity firm owns a formerly publicly held corporation, they tend to cut costs and enhance efficiency. C) Critics of private equity firms say that companies that have too much cash and too little debt become targets for private equity firms to buy. D) A private equity firm is a group of investors that takes a privately held corporation and uses an investment banker to turn it into a publicly held corporation.
Restaurants and retail stores often give 10% senior citizen discounts. Use the concept of elasticity to explain how this can be profit maximizing behavior.
What will be an ideal response?