An empirical study compared the price of eyeglasses in states that restricted advertising by optometrists with those that did not.The study revealed:
a. That the average price of eyeglasses in states where advertising was restricted was higher than the average price in states were advertising was not restricted
b. That the average price of eyeglasses in states where advertising was not restricted was higher than the average price in states where advertising was restricted
c. That the average price of eyeglasses did not differ between states where advertising was restricted and those in which advertising was not restricted
d. That the greater the level of advertising, the higher the average price of eyeglasses
a
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Relative to free trade, domestic consumers of a good are ________ off with a tariff because of the ________
A) better; higher price and greater quantity sold B) better; higher price and smaller quantity sold C) better; lower price and greater quantity sold D) worse; lower price and smaller quantity sold E) worse; higher price and greater quantity sold
The real core of the economic problem is to: a. increase the amount of leisure time available to people
b. guarantee everyone on the planet a minimum level of food, shelter and clean water. c. allocate limited resources among competing uses. d. eliminate scarcity.