Some critics have argued that moving children to private schools might reduce the _________ of education.
A. pure public goods aspect
B. positive externalities
C. size of library holdings
D. size of teachers unions influence
B. positive externalities
You might also like to view...
Total profit of a competitive firm can be found by multiplying profit per unit and units sold.
Answer the following statement true (T) or false (F)
If the U.S. government runs a budget deficit (G ? T), that deficit must be financed by an excess of
a. T over G. b. C over T plus G. c. investment by American businesses and individuals. d. S over I by American businesses and individuals, or by borrowing from foreigners.
A firm's supply curve is upsloping because:
A. the expansion of production necessitates the use of qualitatively inferior inputs. B. mass production economies are associated with larger levels of output. C. consumers envision a positive relationship between price and quality. D. beyond some point the production costs of additional units of output will rise.
Which of the following contributes to a firm maintaining a monopoly?
A. Homogeneous products in the market. B. A large number of firms in the industry. C. The existence of substitute goods. D. Exclusive franchises.