Why might spending on basic literacy for girls have a social return that exceeds the private return?
What will be an ideal response?
Because women most often have responsibility for childcare and rearing, basic literacy will translate into healthier and better-educated children. The private return to the mother may be low or unmeasurable.
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According to the Keynesian model, the short-run aggregate supply (SRAS) curve is horizontal when
A) prices react to an aggregate demand shock but real Gross Domestic Product (GDP) does not. B) there are no unemployed resources and wages do not change when prices change. C) there are unemployed resources and prices do not fall when aggregate demand falls. D) real Gross Domestic Product (GDP) is at full capacity but prices are not flexible.
A tax on consumption for those who are nonsavers
A. is equivalent to a tax on income. B. causes income gains to increase dramatically. C. would be preferred to a tax on wealth. D. makes it difficult to tell what the result for the nonsavers would be.
The welfare analysis of advertising is controversial because evaluation of the effect of advertising on aggregate surplus depends on:
A. the marginal cost of the advertising. B. whether the inframarginal consumer is influenced by the advertising. C. whether the advertising is tied to a quality increase. D. the reason it succeeds in increasing demand.
If the actual capital stock exceeds the desired capital stock due to a cycle of overbuilding, then
A) net investment will fall dramatically. B) net investment will increase dramatically. C) net investment will not change. D) the effect on net investment is unknown.