Congressman Dearmark justified spending $3 million on a new entertainment complex in his district because it will create 450 new jobs for his residents. As a student of economics, you know that
a. this is a case of the "broken window fallacy.".
b. this is a great use of taxpayer dollars.
c. this policy diverts money from spending somewhere else in the economy.
d. Both a and c are correct.
d
Economics
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Based on the figure above, curve B is the firm's
A) marginal cost curve. B) total cost curve. C) average total cost curve. D) total variable cost curve. E) total fixed cost curve.
Economics
The United Steel Workers Union is an example of
A) a craft union. B) an auto union. C) an industrial union. D) a blue collar union.
Economics