Gross domestic product (GDP) will increase if illegal drugs are made legal
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A subsidy in an industry would be likely to increase the consumer surplus for buyers in that industry and increase the producer surplus for sellers in that industry
a. True b. False Indicate whether the statement is true or false
"Positive externalities" create a case for financing education to some extent from tax revenues insofar as
What will be an ideal response?
In which of the following conditions is the inflation rate likely to rise and the unemployment rate likely to fall?
A. stagflation B. boom C. recession D. hyperinflation
Decreasing marginal returns occur in the short run as more labor is hired to work in a fixed sized plant because
A) less efficient and less productive workers are hired. B) adding more workers exhausts the possible gains from specialization. C) the entrepreneur does not know how to manage more workers. D) each worker will produce more than the worker previously hired. E) the plant becomes less specialized.