Alcohol prohibition in the United States
A) abolished the production of liquor.
B) abolished the consumption of liquor.
C) abolished the distribution of liquor.
D) accomplished all of the above.
E) accomplished none of the above.
E
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An example of moral hazard is
a. workers working diligently even though the boss is not looking b. health care insured employees forgoing their diet and exercise c. drivers of safer cars turning their phones off before driving d. borrowers investing their loan proceeds exactly as the bank requires
The production possibilities curve shows that:
a. some of one good must be given up to get more of another good in an economy that is operating efficiently. b. no output combination is impossible. c. an economy that is operating efficiently can have more of one good without giving up some of another good. d. scarcity can be eliminated.