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hammer [34]
3 years ago
9

Economists henry saffer of kean university, frank j. chaloupka of the university of illinois at chicago, and dhaval dave of bent

ley college estimated that the government must spend $4,170 on drug control to deter one person from using drugs and that the cost one drug user imposes on society is $897. based on this information alone, should the government spend the money on drug control?
Business
1 answer:
Crank3 years ago
3 0

I guess the correct answer is No.

No, since the marginal cost of drug control exceeds the marginal benefit, government should not spend $4,170 to deter one person from using drugs.


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Answer:

<u>Increases,.. higher... more.. low.. lower</u>

Explanation:

This monetary policy acts as economic stimulant by increasing the supply of money in the economy, with increased supply come an increase in the economy's demand for goods and services, leading to higher product prices.

Also, In the short run, this <em>positive change</em> in prices induces firms to produce more goods and services.

This, in turn, leads to<u> a low level of unemployment because companies increase their demand for more labour to meet their demand.</u>

In other words, the economy faces a trade-off between inflation and unemployment: Higher inflation leads to lower unemployment.

7 0
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In monopolistic competition, if a firm advertises and effectively raises consumer awareness of its product, it tends toA) lower
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Answer:

B) raise costs and increase demand for its product

Explanation:

A monopolistic competition is when there are many firms operating in an industry. The firms sell differentiated goods and set the market price for their goods and services.

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If advertising is successful , it increases the demand for their goods and services.

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I hope my answer helps you.

5 0
4 years ago
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The price will be higher and output lower in absence of competition.

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The resources will not be efficiently allocated and deadweight loss will exist.

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