The figure shows the market for college education. If the market for education is competitive and with no government intervention, the equilibrium quantity of college students is ________ million and the efficient quantity of college students is
________ million. A) 2; 4
B) 8; 2
C) 8; 4
D) 4; 8
E) 0; 10
D
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The Homestead Act was passed in 1862 . However, only about 20 percent of newly-added farm land between 1870 and 1900 belonged to homesteads because
a. Americans were more interested in moving to cities than to homesteads. b. the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably. c. a treaty between the U.S. government and Native Americans prevented homesteaders from acquiring most of the land. d. homestead filing fees were gradually increased during this time period.
The impact of an expansionary fiscal policy may be strengthened if it crowds out some private investment spending.
Answer the following statement true (T) or false (F)