If marijuana were legalized, it is likely that there would be an increase in the supply of marijuana. Those in favor of legalizing marijuana argue that this would generate less revenue to illegal suppliers. The legalize marijuana proponents must believe the:
a. demand for marijuana is elastic

If the value of the government multiplier is 1.5, which of the following is likely to be true if all other variables remain unchanged?

A) A $1 increase in government expenditure reduces gross domestic product by $1.50. B) A $1.50 increase in government expenditure increases gross domestic product by $1.50. C) A $1.50 increase in government expenditure reduces gross domestic product by $1.50. D) A $1 increase in government expenditure increases gross domestic product by $1.50.

In a nation with a market economy, workers are free to:

a. choose their employer b. set their salary or wage c. take office supplies home d. take as many paid vacation days as they want.