If the government drafts people into the armed forces rather than persuading them to volunteer
A) it conceals in part the cost to its citizens of obtaining military personnel.
B) it employs a nondiscriminatory system because everyone drafted incurs the same cost and can be paid the same wage.
C) it must pay higher wages since many people resent the draft.
D) it reduces the cost to the nation as a whole of obtaining military personnel.
E) it tends to obtain people with the lowest opportunity costs.
A
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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess ________ of goods which will cause aggregate output to fall
A) right; supply B) right; demand C) left; supply D) left; demand
Farmers can choose to produce eggs and/or milk. If there is a successful advertising campaign for people to "drink milk," then what will be the effect in the egg market?
a. None, since consumers do not see eggs and milk as related goods. b. Egg demand will increase. c. Egg demand will decrease. d. Egg supply will increase. e. Egg supply will decrease.