Q: The fact that education benefits not just the person being educated but
The fact that education benefits not just the person being educated but society as a while suggests that there is a a) positive externality. b) negative externality. c) congestion. d) monopoly.
See AnswerQ: In a simple 300 million-person world of all four-
In a simple 300 million-person world of all four-person families, if the poverty line is $12,500 and half of the 10 million families (with 40 million poor people) earn $10,000 and the other half earn...
See AnswerQ: If Head Start were a good long-run investment from a
If Head Start were a good long-run investment from a strictly economic perspective, for current children enrolled in the program it would a) make them happier. b) help their parents with subsidized...
See AnswerQ: One of the reasons a government-run annuity system such as
One of the reasons a government-run annuity system such as Social Security may be better for society than simply relying on private savings is that a) no one would save for themselves. b) people, be...
See AnswerQ: Because there are _______, adjusted gross income is always ______ taxable income
Because there are _______, adjusted gross income is always ______ taxable income. a) deductions and exemptions; less than b) deductions and exemptions; greater than c) credits; greater than d) cre...
See AnswerQ: The heaviest concentration of proven oil reserves is found in a
The heaviest concentration of proven oil reserves is found in a) Alaska. b) the North Sea. c) the Persian Gulf. d) Texas.
See AnswerQ: Most baseball franchises have _____ over the years while the sale price
Most baseball franchises have _____ over the years while the sale price of the typical team has ______. a) made a profit; fallen b) lost money; fallen c) made a profit; risen d) lost money; risen...
See AnswerQ: A stock index is a) essentially the weighted sum of
A stock index is a) essentially the weighted sum of stock prices. b) the simple sum of stock prices. c) the geometric average of stock prices. d) the consensus view of professional economists.
See AnswerQ: When there are many employers in a city and one union,
When there are many employers in a city and one union, the model that economists use is one for a) monopoly. b) monopsony. c) perfect competition. d) monopolistic competition.
See AnswerQ: The impact of a new Walmart on a community’s workers is
The impact of a new Walmart on a community’s workers is a) only positive in that new jobs are created. b) only negative because better-paying jobs at competitors are lost. c) positive and negativ...
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