If a nation's government determines that consumption of cigarettes should be discouraged, then this means that the government has judged cigarettes to be a(n)
A) government-sponsored good.
B) exclusive good.
C) government-inhibited good.
D) public good.
Answer: C
Economics
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A positive effect of opening up countries to international trade is that it results in the creation of supporting industries that provide resources to the industry in which trade takes place
a. True b. False Indicate whether the statement is true or false
Economics
Which one of the following expressions best states the idea of opportunity cost?
A. "He who hesitates is lost." B. "All that glitters is not gold." C. "A penny saved is a penny earned." D. "There is no such thing as a free lunch."
Economics