The balance between spending flows into a country and spending flows out of that country is called a country's

According to the reflection effect

A) people think harder about losses than about gains. B) people become more risk preferring over time. C) attitudes toward risk are reversed for gains versus loses. D) subjective probabilities on riskier outcomes are weighted heavier than on less risky outcomes.

If public subsidies for education were eliminated, what would you expect as an outcome in the market for educational services?

A) More students would enroll in school. B) The price students pay to attend school would equal the value of an additional unit of education consumed. C) There would be no correlation between the price students pay and the cost of providing the educational services. D) The quality of education would deteriorate.