Which of the following is true of the structure of the public education system in the United States?
A. Teachers are paid based solely on their performance and abilities.
B. School principals do not have budgetary incentives to make bad teachers better.
C. Parents can threaten principals to move their kids to a private school if they are disappointed with the quality of education.
D. Teachers receive monetary incentives to educate students with special needs.
Answer: B
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The ECB has the following mandates, EXCEPT:
A) use interest rates to implement the policy of price stability. B) use monetary policy to fulfill objectives of the European Union community. C) not be under the jurisdiction of any other European Union institution. D) finance deficits of member countries when needed.
If the quantity demanded exceeds the quantity supplied, then there is
A) a shortage and the price is below the equilibrium price. B) a shortage and the price is above the equilibrium price. C) a surplus and the price is below the equilibrium price. D) a surplus and the price is above the equilibrium price.