According to the analysis in your text, the school voucher program would
A. increase the quality of education, but not improve the welfare of low income families.
B. decrease the quality of education.
C. increase the quality of education.
D. not affect education quality, but would make lower income families better off.
Answer: C
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John gets paid monthly and pays for everything with cash. When he cashes his check he keeps $200 for food, $100 for utilities, $900 for rent, $50 for transportation, $100 for entertainment and $300 for unexpected expenditures
Which of the following statements is TRUE? A) The transactions demand for money is $1,350, the precautionary demand is $300 and the asset demand is $0. B) The transactions demand for money is $350, the precautionary demand is $1,150 and the asset demand is $150. C) The transactions demand for money is $350, the precautionary demand is $950 and the asset demand is $0. D) The transactions demand for money is $450, the precautionary demand is $300 and the asset demand is $900.
A commodity or token is money if it is ________
A. generally accepted as means of payment B. a store of value C. used in a barter transaction D. completely safe as a store of value
The demand curve slopes downward because of:
a. diminishing marginal utility and consumer equilibrium. b. the fact that consumers cannot decide how much they want to pay for goods and services. c. the fact that suppliers cannot decide how much to charge for the goods and services they supply. d. the fact that consumer tastes and preferences change rapidly. e. the fact that consumers are fickle, which makes pricing a good or service very difficult.
Andrew Carnegie was largely responsible for the development of the _________ industry; while John D. Rockefeller was largely responsible for the development of the _________ industry.
Fill in the blank(s) with the appropriate word(s).