Why might a police officer not pull over someone speeding two miles over the speed limit?
A) The explicit costs of stopping the driver over are too high.
B) The opportunity costs of stopping the driver are too high.
C) The opportunity costs of topping he driver are too low.
D) The explicit costs of stopping the driver are too low.
B
Economics
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Because it is difficult for economists to use experiments to generate data, they generally must
a. do without data. b. substitute assumptions for data when data are unavailable. c. rely upon hypothetical data that were previously concocted by other economists. d. use whatever data the world gives them.
Economics
Approximately how much of aggregate national income in the United States is spent on health care today?
A. 18 percent B. 45 percent C. 3 percent D. 34 percent
Economics