The military draft can be seen as an implicit tax on potential recruits and a subsidy to those who demand defense services.
Answer the following statement true (T) or false (F)
True
The draft reduces the surplus of recruits because they receive lower pay than what the market would generate; those who demand defense services are subsidized because their costs are reduced.
You might also like to view...
Suppose studies showed that only 15 percent of all teens wear their bike helmets while riding their bikes. If policymakers wish to have more teens wear their bike helmets, they should:
A. inform teens of the social norm. B. not inform teens of the social norm. C. Informing them of the social norm will have no impact on their individual situation. D. The statistic is likely to influence their personal decision, but it is impossible to predict in what way without more information.
Along its long-run total cost curve, a firm is producing
a. at the output level for each plant size that has the lowest cost b. at the minimum points of its various total cost curves c. each level of output using the input mix that has the lowest cost d. each level of output using the fewest possible inputs e. at the output level for each plant size that uses the fewest possible inputs
That most people would prefer to buy meat that is 80% lean rather than meat that is 20% fat is an illustration of the:
A. Anchoring effect B. Framing effect C. Confirmation bias D. Endowment effect
Most voters will likely be concerned with
What will be an ideal response?