The academic studies that were the intellectual justification for Head Start suggested that money spent on early childhood education would be a wise investment because
A. kids deserve a quality education.
B. there would be higher taxes paid when these children grew up.
C. there would be lower welfare and incarceration costs when these children grew up.
D. B) and C).
Answer: D
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Which of the following statements is true?
A) Hours of labor that go into producing a product is a better unit of account than paper money. B) When money is used as a yardstick to describe the price of various goods and services, it is serving as a store of value. C) The necessary condition required for money to function as a medium of exchange is that it also needs to be a store of value. D) One of the limitations of using money is that it does not allow for the transfer of purchasing power into the future.
If it becomes more expensive for firms to hold excess capital and labor, the multiplier will
A. increase. B. remain unchanged. C. decrease. D. either increase or decrease depending on the value of the MPC.