Dunston military academy has an annual deficit of $250,000. its 1,000 students pay tuition of $10,000 each per year. the economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. each additional athlete will cost the school $2,500 (equipment, assuming the academy agrees, how many athletes are needed to eliminate the deficit?

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false