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Economics

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1. Is education actually "free" in other countries? If so, then teachers must work for no pay or benefits . . . yes? Do college teachers in other countries work for free? Who pays for the buildings, administration, and other overhead costs of education in "other countries?" Are the buildings, administration, etc. provided for free by the owners of those resources?

2. What laws explain the relationship between price and quantity supplied? Do you have any real-world examples of these laws?

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1. Is education actually "free" in other countries? If so, then teachers must work for no pay or benefits . . . yes? Do college teachers in other countries work for free? Who pays for the buildings, administration, and other overhead costs of education in "other countries?" Are the buildings, administration, etc. provided for free by the owners of those resources? ...

Solution Summary

This solution discussed whether or not education actually is free as well as the relationship between price and quantity supplied with much examples.

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See Also This Related BrainMass Solution

Short answer questions in economics: economics, market economy, command economy,supply and demand

Questions (also attached):

1) What is economics?
2) What types of things are considered in economics? What is not?
3) What role does economics play in your personal decisions?
4) What are the advantages of a market versus a command economy?

1. What is the difference between the shift of and a movement along the demand curve?
2. What is the difference between the shift of and a movement along the supply curve?
3. How do shortages and surpluses develop?
4. What types of shortages and surpluses affect you either personally or in your work environment?

2. Answer the following questions:
a. What causes the changes in supply and demand?
b. How do shifts in supply and demand affect your decision making?
c. List four key points in the study of economics.

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