=+d. Higher taxes on alcohol result in less drinking and driving. 1 Economics is about trade-offs. If

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=+d. Higher taxes on alcohol result in less drinking and driving. 1 "Economics is about trade-offs. If more scarce re- sources are used to produce one thing, fewer will be available to produce others." Evaluate this statement.

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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