When someone says positive externalities coming from education justify subsidization of education, they are saying
A) education must be uniform in a democratic society.
B) government ought to be the exclusive provider of at least elementary education.
C) many people cannot afford to educate their children.
D) private schools tend to be inefficient.
E) students capture only part of the benefits from attending school.
E
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An opportunity cost of economic growth is
A) essentially zero because economic growth leads to such large gains in the long run. B) the decrease in production of consumption goods in the present time period. C) decreased by the creation of capital goods rather than consumption goods. D) so high that places such as Hong Kong have had to do without it.
Which of the following will cause the aggregate demand curve to shift to the left?
A) An increase in the price level B) An increase in the interest rate C) An increase in money demand D) An increase in investment expenditures