Public education in the United States is
A. paid for through the Social Security program.
B. paid for mostly by the parents of students.
C. subsidized mainly by state and local governments.
D. funded by the federal government only.
Answer: C
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Transfer payments are an injection into the circular flow of income and expenditure model
a. True b. False Indicate whether the statement is true or false
Which of the following is true of a proportional tax rate? a. It is a tax rate that remains constant as the tax base changes
b. It is a tax rate that decreases as the tax base increases. c. It is a tax rate that increases as the tax base increases. d. It is a tax rate that increases as the tax base increases and then decreases as the tax base decreases.
A competitive firm currently produces and sells 7,500 units of output at a price of $2.50 per unit. The firm's average fixed cost is $0.75 and its average total cost is $2.80 . In the short run, should the firm continue to operate?
Other things the same, an increase in the U.S. interest rate
a. raises net capital outflow which decreases the quantity of loanable funds demanded. b. raises net capital outflow which increases the quantity of loanable funds demanded. c. lowers net capital outflow which decreases the quantity of loanable funds demanded. d. lowers net capital outflow which increases the quantity of loanable funds demanded.