Which of the following statements is false?
A) There are always opportunity costs to making choices.
B) Because of scarcity, choices must be made.
C) Elementary education at public schools is free.
D) When government builds a new highway, taxpayers end up with less of some of the things they would otherwise have.
C
Economics
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Refer to the figure above. How many chairs does Lithasia import when the government imposes a tariff of $1 per unit?
A) 10 units B) 20 units C) 30 units D) 40 units
Economics
Reserves of member banks appear on the Fed's balance sheet as liabilities
a. True b. False Indicate whether the statement is true or false
Economics