The opportunity cost doctrine suggests that which of the following are not costs of government educational programs?
a. The wages of teachers
b. The foregone earnings of participants.
c. Stipends paid to participants.
d. Materials used by students.
c
Economics
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If real GDP per person is above the subsistence level then, according to classical growth theory,
A) the population will increase. B) the standard of living will continue to improve. C) the population will decrease. D) labor productivity will increase. E) more technological advances occur.
Economics
A fixed exchange rate system reduces the impact of
A) variations in the demand for real money balances on real incomes. B) the volatility of aggregate expenditures on real incomes. C) crowding out from fiscal expenditures. D) the beggar-thy-neighbor effect.
Economics