What is one reason drunk driving is held in such disrepute?
A) Drunk driving imposes high potential costs on non-drunk drivers.
B) Drunk driving destroys cars and telephone poles, causing disruption in essential services.
C) Only drunk drivers cause automobile fatalities.
D) Drunk drivers impose high potential costs on other drunk drivers.
A
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Tax policy can affect ____________________ and investment spending, resulting in a shift in the AD curve.
a. consumption b. savings c. production d. government
On a production possibilities curve, the optimal or best combination of output for any society:
A. depends upon the preferences of society. B. is at a point near the bottom of the curve. C. is at the precise midpoint of the curve. D. is at a point near the top of the curve.
The number of seats available in a stadium is fixed at 80,000. The equilibrium price for a ticket to a football game at the stadium is $30. The equilibrium price for a ticket to a baseball game at the stadium is $20. Which of the following is true?
A. The supply of baseball games must be less elastic than the supply of football games. B. The demand for each baseball game must be lower than the demand for each football game. C. Football games must be more expensive to produce than baseball games. D. The demand for baseball games must be more elastic than the demand for football games.
Discuss national defense, infant industry, and strategic trade as arguments for protection