If a local leader in a developing nation claims that there is little or no correlation between a person's efforts and the economic rewards which are given to that person, this person is most likely expressing a:
A. Description of the vicious cycle of poverty
B. Theory of exploitation and dependence
C. Capricious view of the universe
D. Rationale for neocolonialism
C. Capricious view of the universe
Economics
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In the above figure, CBL is the cost of breaking the law. If it is illegal to buy, but not illegal to sell, then the price per unit will be
A) $500. B) $400. C) $300. D) $200.
Economics
Which of the following types of goods would most likely be classified as a government-inhibited good?
A) heroin B) marijuana C) tobacco D) All of the above are correct.
Economics