Drug-interdiction policies that reduce the supply of illegal drugs may
a. be more effective in the long run than in the short run.
b. be best coupled with drug-education programs designed to reduce demand.
c. increase drug-related crimes.
d. All of the above are correct.
d
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________ is the process of researching and developing profitable new products and services by financial institutions
A) Financial engineering B) Financial manipulation C) Customer manipulation D) Customer engineering
Suppose the market basket consists of 400X, 150Y, and 220Z. Current-year prices are $1.50 for each unit of X, $0.50 for each unit of Y, and $4.60 for each unit of Z. Base-year prices are $1.00 for each unit of X, Y, and Z. Approximately what is the value of the CPI in the current year?
a. 457 b. 354 c. 219 d. 119
The law of increasing additional cost occurs when
A) there are always shortages in some goods. B) technology is not used. C) resources are not perfectly adaptable for alternative uses. D) there are always alternatives and it is costly to figure out which alternative is best.
Using Figure 1.6, we know the production of 90 units of soda and 1 unit of pizza is 
A. impossible because we have the resources but do not have the technology. B. possible, but there would be unemployed resources. C. possible, but only if all resources were fully employed. D. impossible because we have the technology but do not have the resources.