The figure above shows an education market in which the government is providing households with vouchers. In total, how much do the schools receive for a student?

In the Keynesian model with government and the foreign sector added, what are the components of spending? Which of these components are autonomous and which are not? How is the equilibrium found?

When the economy is not at an equilibrium, what adjustments are made?

A golf club manufacturer pays its workers based on the number of sets of clubs they produce. This firm

A) organizes production based on an incentive system. B) organizes production based on a command system. C) does not have any implicit costs. D) does not have explicit costs.