Using the figure above, suppose education is provided by public colleges. At what level should tuition be set to ensure the efficient number of students?

Arbitrage

A) is the act of buying an item at a low price and reselling the item at a higher price. B) is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time. C) is any act of buying and selling that results in the seller earning an above normal profit. D) is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.

The purchase of a Boeing airplane by the U.S. government is considered part of government consumption expenditures and gross investment

Indicate whether the statement is true or false