Researchers Have Compared the Tonnage of Heroin and Cocaine Consumed

question 3

Multiple Choice

Researchers have compared the tonnage of heroin and cocaine consumed in the United States and concluded that:

• A) more tons of heroin are used than cocaine.
• B) more tons of cocaine are used than heroin.
• C) roughly the same tonnage of heroin and cocaine is used.
• D) it is impossible to estimate the amount of these two drugs, in tons, that is used.
• E) none of the above.

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Definitions:

Labor

The body of physical and mental effort used in the production of goods and services.

Isocost Line

A graphical representation showing all possible combinations of inputs that cost the same amount.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories and other manufacturing facilities.

Labor

The physical and mental effort used in the production of goods and services.