Which of the following types of goods would least likely be classified as a government-inhibited good?
A. heroin
B. tobacco
C. marijuana
D. soft drink
Answer: D
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In the prisoner's dilemma:
A. a dominant strategy exists for only one player. B. a non-cooperative outcome is predicted. C. a cooperative win-win outcome can be predicted. D. All of these statements are true.
If demand is inelastic, then price and total revenue are directly related.
Answer the following statement true (T) or false (F)
What are some of the ways a private group can overcome a free rider problem?
What will be an ideal response?
Due to a change in the regulatory structure of a small open economy, the desired capital stock becomes higher for both private investment and government investment
Increased government investment spending is financed by borrowing, not by higher taxes. If both desired investment and government spending rise at the same time, will there be "twin deficits"?