Which of the following economists is often credited with establishing the monetarist school of thought?

The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education

If the government does not intervene in this market, the equilibrium number of students being privately educated is ________ and the efficient quantity is ________. A) 0 students; 400 students B) 400 students; 400 students C) 400 students; 600 students D) 600 students; 400 students E) 600 students; 600 students

In what way is a stronger yen/weaker dollar a burden for Japanese exporters?

A) They received dollars when they sell goods but most of their costs of production are in yen. B) They receive yen when they sell goods but most of their costs of production are in dollars. C) The price of their exports will decline, resulting in lower profits. D) The stronger yen is likely to increase Japanese inflation, resulting in lower profits.