The figure above shows the market for college education in the United States
If the government intervenes in the market and provides a subsidy to colleges to enroll the efficient number of students, the amount of the subsidy equals ________ per student. A) $5,000
B) $16,000
C) $13,000
D) $11,000
E) $7,000
A
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Which of the following is evidence of an inflationary gap?
A. Very long lines at employment agencies B. Very short waiting times for product delivery C. Very low sales figures D. Very long search times for people looking for jobs E. Very low unemployment rates
The figure below shows the production-possibility curves of Canada (AB) and the rest of the world (CD). I1 and I2 are community indifference curves for Canada and the rest of the world. In the absence of trade, the rest of the world produces ________ bales of cotton and ________ bushels of wheat.
A. four; sixteen B. eight; ten C. twelve; eight D. ten; eight