Author Question: The high-school dropout rate typically declines during a recession because A) more money flows ... (Read 93 times)

soccerdreamer_17 · **on:** Jun 29, 2018

The high-school dropout rate typically declines during a recession because

A) more money flows into the public sector as the flow declines in the private sector.
B) teachers become more readily available during a recession.
C) the opportunity cost of continuing in school falls in a recession.
D) the demand for education rises in a recession.
E) the legal school-leaving age is a function of the unemployment rate.

Question 2

Commercial society provides incentives to specialize by

A) following one's comparative disadvantage.
B) pursuing one's comparative advantage.
C) producing somewhere outside the production possibilities frontier.
D) producing a narrowly defined good without an interest in the wealth it generates to the producer.