Suppose that a mayor of a large city believes strongly that education provides great benefits to the community and urges the state government to provide the district with more money. An economist would say that this reflects the Mayor's belief that:
a. since teachers are overpaid, the district needs more money to hire enough teachers for its classrooms.
b. there are positive external benefits associated with education.
c. there are nontrivial external costs associated with education.
d. public schools provide a higher quality education than private schools.
Question 2
Rational expectations theory would imply that the graphical relationship between unemployment and inflation indicated by the Phillips curve is ____ in the short-run.
a. vertical
b. positively sloped
c. negatively sloped
d. horizontal
Illustration of a large aneurysm in the abdominal aorta that has ruptured.
GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower
Erythrocytes contain large amounts of the oxygen-transporting protein
Sociologists use income, education, and occupational prestige to measure social class. For most ...
Anatomy of the Large Intestine By the time chyme reaches the large intestine, most of its nutrients
Share of Hours Worked by Education Level, 1940–2008