There is great concern over the idea that citizens should have to provide specific identification to be able to vote in elections. A study of the costs and benefits of implementing a voter identification program is an example of

A. positive economics.
B. laissez-faire economics.
C. normative economics.
D. labor economics.

Answer: A

Economics

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Answer the following questions true (T) or false (F)

1. When there is a positive externality in a free market, too much of the good is produced and consumed. 2. When there is a negative externality, the competitive output is greater than the economically efficient output level. 3. The marginal social cost of a good or service is the cost borne by the producer.

Economics

The concept of economies of scope describes the savings acquired from simultaneous production of different products.

Answer the following statement true (T) or false (F)

Economics