What is being bought and sold in each direction

Reference no: EM13222181

an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one found in this chapter to represent the sector of the economy devoted to collage education: collages and universities represent firms, and house holds both consume education and provide facilty and students to universities. What are the relevant markets in this model? What is being bought and sold in each direction? what would happen in the model if the government decided to subsidize 50% of all collage students tuition?

Reference no: EM13222181

Questions Cloud

Prepare a forecast using exponential smoothing method : Prepare a forecast through week 11 by using a five -week moving average and prepare a forecast using exponential smoothing method with α = 0.2. Forecast for week 1 was 22.

Explain what is the mol fraction of propane : below which there is too little fuel to support combustion. For propane, the LFL is 2.1 mol-%. What is the mol fraction of propane in the air at the stoichiometric concentration?

What aspects of p-o-l-c would be most likely to change : Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? Why or why not?

State the relative charge of glutamate as a function of ph : Ionizable protons are in rapid equilibrium and so you can think of an amino acid having a relative charge between 0 and 1. Plot the relative charge of glutamate as a function of pH

What is being bought and sold in each direction : an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..

What two policies could you use to reduce the total amount : Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..

Health of the people of the state and surrounding region : Improve the health of the people of the state and surrounding region and serve people as a not-for-profit health system governed by a voluntary community board.

What are the arguments for using real per capita gni : Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..

What biases or preconceptions did the author reveal : After choosing the topic do the article review which includes following steps a. a short summary that clearly covers all of the fey elements in the article. this summary must show that you carefully read and understood the content of the article.

User Account

All Pages