Between 1999 and 2015, globally the number of children who were not attending school:
A. dropped to less than 16 percent.
B. reduced by half.
C. doubled.
D. dropped to less than 6 percent.
B. reduced by half.
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If basic literacy promotes a consistency of individual and social goals
a. social returns exceed private returns b. private returns exceed social returns c. the individual's income will rise d. people should pay the full cost of their education e. costs of education will be low
Any supply curve that is a straight line passing through the graph's origin is unit elastic
a. True b. False
In competitive industries, firms that innovate can expect to make no profit in the short run
Indicate whether the statement is true or false
Economists view the fact that Florida grows oranges, Texas pumps oil, and California makes wine as
a. confirmation of the virtues of free trade. b. confirmation of the infant-industry argument. c. confirmation that free trade agreements are not necessary. d. confirmation that specialization in absolute advantage works.