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
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Old World Swallowtail of the endemic Great Britain subspecies britannicus
Great Horned Owl
The skulls of living haplorhines differ from those of strepsirhines by having large brains, an enclo
Europe before the Great War
Expected Benefits for ICD-10-CM