Under present U.S. law, cocaine is an example of
A) a government-sponsored good.
B) a capital good.
C) a public good.
D) a government-inhibited good.
D
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Marginal cost is the minimum price that producers must receive to induce them to produce another unit of a good or service
Indicate whether the statement is true or false
Which of the following features are relevant for determining the extent of a market?
A) Its geographical boundaries. B) Technological innovations that would reduce the cost of production. C) The range of products to be included in it. D) both A and B E) both A and C
If two variables are inversely related, then they change in the same direction
a. True b. False Indicate whether the statement is true or false
Which of the following is assumed to be constant in the quantity theory of money?
a. The money supply b. Real GDP c. The price level d. The velocity of money e. Nominal GDP