Because of college financial aid packages, the cost of college is highest for ______.
a. the poor
b. most of the middle class
c. the rich
d. first generation students
c. the rich
Economics
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If a government chooses to finance a budget deficit by borrowing and the expected inflation rate does not change, this will cause the real interest rate to ________ and the nominal interest rate to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
With specialization
A) opportunity costs tend to be constant. B) there are greater gains in material well being. C) there is more emphasis on self-reliance. D) society is more productive while individuals are less productive.
Economics