The saying "the lower the price, the better" may not always be correct for an economy's public interest because

a. people should have to pay for what they want.
b. people will overuse something they perceive as being cheaper than the utility they receive for it.
c. the government can no longer afford to provide all the goods and services it provides because it is slowly going broke.
d. cheaper prices will make people buy less of other things.


b

Economics

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The median voter model explanation for the landside victory of Ronald Reagan over Walter Mondale is that _____

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When a good is taxed, the tax revenue collected by the government equals the decrease in the welfare of buyers and sellers caused by the tax

a. True b. False Indicate whether the statement is true or false

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Who of the following is counted as "unemployed" by the Bureau of Labor Statistics?

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Economics