An article in the textbook suggests that one method to correct the higher education inefficiency is to
a. provide free higher education to all Americans.
b. have college students sell equity in themselves.
c. reduce interest rates on student loans.
d. increase the number of colleges and universities in the United States.
b
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Consider the graph shown. What would most likely be the cause of a shift from S1 to S2?
A. A tax on sellers
B. A tax on buyers
C. A subsidy for sellers
D. A subsidy for buyers
The difference between the average earnings of eye surgeons and those of janitors is an example of
a. a temporary differential b. a permanent differential c. a resource price difference that will cause a reallocation of resources to different uses d. a temporary difference that will be eliminated through the reallocation of resources to different uses e. a differential caused by a lack of resource mobility
Recall the Applied Perspective concerning Morocco, Coca-Cola, and Multipliers. Coca- Cola's decision to set up a bottling plant in Tangier has
a. created upstream and downstream linkages that accounted for 0.7 percent of Morocco's 1999 GDP b. had minimal impact on Morocco's economy c. created a backlash against the Westernization of the Moroccan economy d. created little new employment since the bottling plant is highly automated e. resulted in the bankruptcy of local, traditional, soft drink manufacturing firms
Which of the following will cause movement along the reserve demand schedule?
a. a change in the price level b. a change in real GDP c. a change in tax rates d. a change in interest rates