Higher education provided by government is an example of a

a. public good
b. merit good
c. social good
d. collective good
e. private good


B

Economics

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The table above gives the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2010 is the reference base period

a. Find the total cost of the CPI market basket for 2010 and 2011. b. What is the CPI in 2010 and in 2011? c. What is the inflation rate between 2010 and 2011?

Economics

The Keynesian demand for real balances can be expressed as

A) Md = f(i,Y). B) Md/P = f(i). C) Md/P = f(Y). D) Md/P = f(i,Y).

Economics

The object of the Northwest Ordinances of 1785 and 1787 was to preserve the public domain from private exploitation

Indicate whether the statement is true or false

Economics

The average productivity of labor reaches its maximum:

a. at the point of inflection of the total product curve. b. where the slope of the total product curve is steepest. c. where the slope of the total product curve is zero. d. where marginal and average productivity are equal.

Economics