Early in the 20th century the American Medical Association strongly encouraged _____

Suppose that the government imposes a $2 a cup tax on coffee. What de-termines by how much Starbucks will raise its price? How will the quantity of coffee bought in coffee shops change? Will this tax raise much revenue?

What will be an ideal response?

A bowed Production Possibilities Curve (PPC) indicates

A) inefficient production. B) that the trade-off between the 2 goods is not constant. C) changing technology. D) only 1 good is always being produced.