In the above figure, what amount of subsidy per student would government have to provide to colleges if its desired objective was to achieve an efficient level of education, 50 million students per year?
A) $6,000 per year
B) $12,000 per year
C) $18,000 per year
D) $27,000 per year
C
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The data show that more than 60 percent of the total income earned in the United States goes to
A) labor. B) land. C) capital. D) entrepreneurshi
Suppose a U.S. firm buys a one-year U.K. bond for 6,000 British pounds when 1 British pound is worth $1.50 on the foreign exchange market. What is the firm's approximate rate of return on the bond if the interest rate on the bond is 15 percent and the exchange rate is 1 British pound is worth $1.93 at maturity?
a. 11 percent b. 15 percent c. 25 percent d. 33 percent e. 48 percent
In 2011, the poverty rate in the United States was 15 percent. This means that 15 percent
a. of the population had a total family income that fell below the poverty line. b. of the population had a total family income that was above the poverty line. c. of the population had a total family income below $10,000. d. of the population had a total family income above $50,000.
Which of the following conditions correctly describes a Nash equilibrium when two firms are in the market?
A. ?1(s1*, s2*) ? ?1(s1, s2*) for all s1. B. ?1(s1, s2*) ? ?2(s1*, s2*) for all s1 and ?2(s1*, s2) ? ?1(s1*, s2*) for all s2. C. ?1(s1*, s2*) ? ?1(s1, s2*) for all s1 and ?2(s1*, s2*) ? ?2(s1*, s2) for all s2. D. ?1(s1*, s2*) ? ?2(s1, s2*) for all s1 and ?2(s1*, s2*) ? ?1(s1*, s2) for all s2.