Making blackmail, extortion, and other forms of private coercion illegal is one way that government:

A. Reduces private-sector economic risk
B. Increases private-sector economic risk
C. Reduces the market's economic efficiency
D. Increases the economy's deadweight losses

A. Reduces private-sector economic risk

Economics

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Suppose the quantity of sodas and the quantity of popcorn are on an indifference curve/budget line diagram. An increase in income shifts the budget line ________ and, if popcorn is a normal good, shifts the demand curve for popcorn ________

A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward

Economics

In a Mexican factory, each worker can produce 1/8 of a vase or 1/16 of a statue per hour. If there are 400 workers at the factory, the maximum number of statues that could be produced in one hour is

a. 50 b. 100 c. 80 d. 25 e. 160

Economics