A "war on drugs" is waged, and, as a result, a larger quantity of drugs flowing into the United States is seized and more drug traffickers are arrested. If demand for drugs is relatively elastic, one would expect the total expenditure on drugs to:
a. decrease

Refer to Figure 2-14. Which country has a comparative advantage in the production of snow cones?

A) Greenland B) They have equal productive abilities. C) Iceland D) neither country

If you purchase a Treasury bond, the Treasury bond is

A) an asset to you as well as an asset to the U.S. government. B) an asset to you, but a liability to the U.S. government. C) a liability to you, but an asset to the U.S. government. D) a liability to you as well as a liability to the U.S. government.