The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakes for $1.00 each. What is the opportunity cost of buying a cappuccino?

Since the mid-1980s tariff rates in most nations have risen

Indicate whether the statement is true or false

A government-inhibited good is one that

A. would be underproduced by the private market. B. cannot be individually consumed. C. should be subsidized to correct the market failure and productive inefficiency. D. has been deemed socially undesirable via the political process.