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Title: In the figure above, if the government starts to provide university education at no charge, in the ... Post by: juicymae92 on Feb 26, 2018 In the figure above, if the government starts to provide university education at no charge, in the long run, the wage rate of high-skilled workers will ________ and the wage rate of low-skilled workers will ________.
A) rise; fall B) fall; rise C) fall; fall D) rise; rise Ques. 2 Are your total and marginal utility of ice cream schedules determined by the price of ice cream? What will be an ideal response? Ques. 3 In a perfectly competitive market, a permanent decrease in demand initially brings a lower price, economic A) loss, and entry into the market. B) loss, and exit from the market. C) profit, and entry into the market. D) profit, and exit from the market. Ques. 4 If the hot dog vendors at Yankee Stadium are earning a producer surplus on each hot dog they sell, then baseball fans cannot be gaining any consumer surplus on the hot dogs they buy. Indicate whether the statement is true or false Ques. 5 Your weekly budget for gasoline and movie rentals is 45.00. Referring to the figure above, what is the price per gallon of gasoline? A) 1.00 B) 1.25 C) 1.50 D) 1.75 Ques. 6 What are three major ways that corporations can cope with the principal-agent problem? What will be an ideal response? Title: In the figure above, if the government starts to provide university education at no charge, in the ... Post by: bcoleman2353 on Feb 26, 2018 Content hidden
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