The oversimplified formula for the multiplier is misleading because it ignores the effects of
A. price-level changes.
B. the foreign sector.
C. variable taxes.
D. All of the above are correct.
Answer: D
Economics
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private cost is
A) zero. B) $14,000. C) $19,000. D) $16,000.
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Since the demand for labor depends on the demand for the product labor produces, the demand for labor is called:
a. primary demand. b. secondary demand. c. dependent demand. d. derived demand.
Economics