The figure shows the market for college education. In order for the efficient amount of education to occur, the government could provide a subsidy of ________ per student
A) $4,000
B) $8,000
C) $12,000
D) $20,000
E) $16,000
B
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Examples of "disguised" cartels are the citrus cooperatives in Florida and California
Indicate whether the statement is true or false
International capital flows strengthen
A. monetary policy and have no effect on fiscal policy. B. monetary policy but weaken fiscal policy. C. monetary and fiscal policy. D. fiscal policy but weaken monetary policy.
Tenth National Bank holds $285 million in checkable deposits and $35 million in reserves. With a required reserve ratio of 11 percent, how much in excess reserves is Tenth National holding?
A) $250 million B) $3.65 million C) $35.2 million D) 3.85 million
Which of the following is a correct statement?
A. A firm receives no individual benefit from strategies that raise the marginal costs of its rivals. B. An incumbent firm may experience a learning curve that allows it to produce at a lower cost than a potential entrant. C. Predatory pricing is easy to prove in a court of law. D. No individual firm can benefit from strategies that raise the fixed costs of all the firms in the industry.