If the government drafts people into the armed forces rather than persuading them to volunteer
A) it conceals in part the cost to its citizens of obtaining military personnel.
B) it employs a nondiscriminatory system because everyone drafted incurs the same cost and can be paid the same wage.
C) it must pay higher wages since many people resent the draft.
D) it reduces the cost to the nation as a whole of obtaining military personnel.
E) it tends to obtain people with the lowest opportunity costs.
A
You might also like to view...
The business cycle is defined as
A) changes in the stock market. B) changes in financial markets. C) persistent growth in potential GDP. D) irregular ups and downs in production and jobs. E) the period of time during which the unemployment rate is rising.
If the government created a surplus of an agricultural product due to price supports, how might they dispose of this surplus?
A) give it away to a foreign country B) purchase it and store it away C) have the farmer destroy the crop D) Any of these answers might be a successful tool in disposing of agricultural surpluses.
Explain why the rate of return from investing in stocks is higher than from investing in bonds
What will be an ideal response?
Which of the following is not a barrier to entry in a monopolized market?
a. The government gives a single firm the exclusive right to produce some good. b. The costs of production make a single producer more efficient than a large number of producers. c. A key resource is owned by a single firm. d. A single firm is very large.