Motorcycle helmet laws have been controversial in some states. Riders prefer the feel of the wind on their faces. Others, however, point out that riders without helmets are more likely to suffer severe injury and run up hospital bills at public expense. Which of the following would most likely reduce the incidence of high bills for helmetless riders?
a. raise insurance rates for helmetless riders
b. lower insurance rates for helmetless riders
c. publish information on injury rates for helmetless riders
d. subsidize hospitals
Answer: a. raise insurance rates for helmetless riders
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Other things being equal, the lower planned real expenditures along an aggregate demand curve are, the
A) lower the level of endowments. B) higher the price level. C) lower the price level. D) more the production possibilities cure shifts to the left.
By the usual criteria of biracial enrollment, a school with one minority student would be regarded as integrated
Indicate whether the statement is true or false
After the price of milk increases, David buys more eggs and less cereal. For David
A) milk, eggs, and cereal are all complements. B) milk and eggs are complements, and milk and cereal are substitutes. C) milk and eggs are substitutes, and milk and cereal are complements. D) milk, eggs, and cereal are all substitutes.
The text argues that if avocado growers in Mexico can produce avocadoes cheaper than avocado growers in the United States, this will not reduce total jobs available in the United States. The logic underlying this argument is that
A) avocado growers in the United States did not earn much anyway. B) avocado growers in the United States are welcome to emigrate to Mexico. C) avocado growers in the United States will switch to specializing in a crop in which they hold the comparative advantage. D) avocado growers in Mexico need the jobs more than Americans do.