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
Large size can provide a refuge from predators. While young African elephants may be vulnerable to p
Southern Royal Albatross, Diomedea epomophora, is a large seabird from the albatross family.
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
Small and large intestines
Frederick Law Olmsted and Calvert Vaux, Central Park, New York City.
Products like Beano contain enzymes that help reduce the production of gas in the large intestine