The U.S. interest rate minus the foreign interest rate is called the ________

Economics is best defined as the study of

A) financial decision-making. B) inflation, unemployment, and economic growth. C) the choices made by people faced with scarcity. D) how consumers make purchasing decisions.

When someone says positive externalities coming from education justify subsidization of education, they are saying

A) education must be uniform in a democratic society. B) government ought to be the exclusive provider of at least elementary education. C) many people cannot afford to educate their children. D) private schools tend to be inefficient. E) students capture only part of the benefits from attending school.