An educated populace contributes to economic growth because

A) schools provide many jobs for teachers.
B) education allows workers to develop skills that increase their productive capabilities.
C) educated people are more likely to live in poverty.
D) educated people understand the importance of protectionism.

B

Economics

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If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its equilibrium quantity will ________

A) rise; increase B) rise; decrease C) fall; increase D) fall; decrease

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In the generalized dividend model, a future sales price far in the future does not affect the current stock price because

A) the present value cannot be computed. B) the present value is almost zero. C) the sales price does not affect the current price. D) the stock may never be sold.

Economics