What factors cause private and social rates of return for primary and secondary education to diverge in developing countries?
What will be an ideal response?
Subsidies. Credential inflation as a way to select from among qualified applicants in the high wage modern sector.
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The shutdown point occurs at the level of output for which the ________ is at its minimum
A) marginal cost B) average variable cost C) average fixed cost D) total cost
Which of the following is an example of an autonomous spending change?
A) An increase in investment caused by a technological innovation B) An increase in consumption caused by an increase in interest income C) An increase in tax revenue caused by a rise in GDP D) An increase in saving caused by a rise in income
There is an indifference curve through every bundle because of the assumption of
A) transitivity. B) completeness. C) rationality. D) nonsatiation.
Eddys' Electronics found that instead of producing a dvd player and a gaming system separately, it is cheaper to incorporate dvd playing capabilities in their new version of the gaming system. Eddy's is taking advantage of
a. Economies of Scale b. Learning curve c. Economies of Scope d. Decreasing marginal costs