Examine Figure 36.1, which shows the market for K-12 education in an economy. The amount of external benefits associated with K-12 education in this market is ________ per student.
A. $12,000
B. $6,000
C. $4,000
D. $8,000
Answer: D
You might also like to view...
Subprime borrowers ________
A) are those individuals who owe more on their mortgage than the value of their home B) possess a relatively low FICO score C) rely on mortgage-backed securities to support their mortgage applications D) are those with an income level below the value of their mortgage
Which characteristic does money currently not have?
A) It is issued by a government or central bank. B) It is considered valuable. C) It is backed by gold. D) It is a durable good.
All of the following are true regarding a sealed-bid second-price auction except which one?
A) Participants submit sealed bids. B) The participant with the highest bid wins. C) The winner of the auction pays what the second-highest participant bid. D) This kind of auction is common.
Price discrimination that substantially lessens competition is prohibited by the Clayton Act
a. True b. False Indicate whether the statement is true or false