Education ____ create external benefits; it ______ provide a valuable signally function
a. Does; does
b. Does, does not
c. Does not; does
d. Does not; does not
a
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Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the "without trade" numbers?
A) -100 B) 100 C) 120 D) 250
Many in Congress expect that future Social Security tax collections will fall short of the sum that will be needed to cover promised benefits. How can it cover this shortfall, and what are the problems associated with these solutions?
What is the value of disposable income?
| Consumption expenditures | $4,150 |
| Federal government purchases of goods and services | 850 |
| State and local government’s purchases | 331 |
| Investment | 751 |
| Proprietors income | 150 |
| Compensation of employees | 4,080 |
| Corporate profits | 134 |
| Taxes on corporate profits | 23 |
| Rental income | 31 |
| Capital consumption allowance | 295 |
| Indirect business taxes | 130 |
| Net interest | 147 |
| Exports | 300 |
| Imports | 320 |
| Undistributed corporate profits | 111 |
| Transfer payments | 66 |
| Personal taxes | 45 |
| Dividends | 0 |
| Income Earned from the Rest of the World | 252 |
| Income Earned by the Rest of the World | 1,347 |
| Social insurance taxes | 222 |
| Statistical discrepancy | 5 |
A. $3,618
B. $4,795
C. $3,727
D. $4,207
E. $4,017
When the selling price of a good rises (goes up), what is the relationship to the quantity supplied?
a. The profit made on each item goes down. b. It becomes practical to produce more goods. c. The cost of production goes down. d. There is no relationship between the two.