The state of Georgia offers free college tuition to high school students with a "B" average. In 2007, the state raised the requirement so that fewer students qualified for the scholarship
At the same time, Georgia increased state spending on health care. Suppose that college education is on the vertical axis and health care is on the horizontal axis of a PPF. These changes A) are example of a tradeoff.
B) are an example of incentives.
C) will cause a shift out of the PPF.
D) will cause a shift in the of the PPF.
A
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Why is price inflation sometimes good in a recession?
A. Price inflation makes it harder for real wages to fall. B. Price inflation makes it harder for real wages to rise. C. Price inflation makes it easier for real wages to rise. D. Price inflation makes it easier for real wages to fall.
The rule of reason was an antitrust law guideline that emphasized the importance of ____ over ____.
A. price; quantity B. quantity; price C. behavior; size D. size; behavior