Over the past 50 years, there has been an increase in spending on public education without a noticeable improvement in student performance. One explanation given by economists on why student performance has not improved is that
A) not enough funds have been spent on public education.
B) schools are providing high-priced services that are not valued by parents.
C) the quantity of educational services has not increased beyond the pre-subsidy equilibrium.
D) too much competition for educational services.
Answer: B
Economics
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Refer to Figure 13-3. Suppose the economy is at point C. If investment spending decreases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
Economics
A lower level of income causes the demand for money to ________ and the interest rate to ________, everything else held constant
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase
Economics