Because there are positive externalities from higher education,
a. the private market would provide too little of it
b. the private market would provide too much of it
c. the government should impose a tax on college students
d. the government should impose a tax on students' families
e. higher education should not be produced
A
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The supply curve for a monopolist:
a. is upward sloping b. is vertical c. is equal to the MC curve above AVC d. is equal to the MR curve above the AVC e. none of the above
Britain's departure from the gold standard in September 1931 ____ bank closures in the United States because ____
a. decreased, the British decided to invest their gold in the U.S b. increased, anyone who wanted gold had to withdraw it from U.S. banks c. decreased, Britain could now follow expansionary monetary policies at home d. increased, people realized that the United States was about to "bail out" Britain with large loans