The table above shows the marginal costs and marginal benefits of college education. The marginal private benefit of college education at the efficient amount of enrollment is

Cheating in a cartel is more likely to occur if the industry

A) has a large number of firms. B) has homogeneous products. C) has easily observable prices. D) has little variation in prices.

When the Fed unexpectedly increases the money supply, it will cause an increase in aggregate demand because

a. real interest rates will fall, stimulating business investment and consumer purchases. b. the dollar will appreciate on the foreign exchange market, leading to a decrease in net exports. c. lower interest rates will tend to decrease asset prices (for example, stock prices), which decreases wealth and, thereby, decreases current consumption. d. the general level of prices will fall, which will increase the disposable income of households.