Suppose you are having an argument with your roommate about whether the federal government should subsidize the
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Suppose you are having an argument with your roommate about whether the federal government should subsidize the production of food. Your roommate argues that because food is something that is unambiguously good (unlike liquor, guns, and drugs, which may be considered inherently evil by some members of society), we simply cannot have too much of it. That is, because food is clearly good, having more of it must always improve our economic well-being.
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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
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