Supply shows
a. the quantity offered for sale at every possible price.
b. the quantity people will buy at every possible price.
c. the changes in quantity.
d. how price changes when people buy more.
a. the quantity offered for sale at every possible price.
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If a poor family has three children in public school and a rich family has two children in private school, the benefits principle would suggest that
a. the poor family should pay more in taxes to pay for public education than the rich family. b. the rich family should pay more in taxes to pay for public education than the poor family. c. the benefits of private school exceed those of public school. d. public schools should be financed by property taxes.
Wealth is measured as
A. only buildings, machinery, land, cars, stocks and bonds. B. only nonhuman wealth. C. nonhuman and human wealth. D. only tangible objects.