Heroin Has Always Been Used Primarily by Lower Socioeconomic Groups

question 57

True/False

Heroin has always been used primarily by lower socioeconomic groups.

Understand how changes in prices of goods affect the budget constraint.

Interpret how changes in income level impact the budget constraint.

Analyze points on and off the budget constraint in terms of affordability and income spending.

Identify the effects of price changes on the consumption of goods.

---

Definitions:

Merchantability

A warranty, often implied by law, that goods sold are fit for the general purpose for which they are sold.

Fitness for a Particular Purpose

A legal warranty implying that a sold good is suitable for the specific use intended by the buyer, as made known to the seller at the time of purchase.

Comparative Fault

A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based lawsuit, based on the degree to which the plaintiff's own negligence contributed to the harm.

Assumption of Risk

A legal defense that claims an individual voluntarily and knowingly assumed the danger inherent to a risky activity they participated in.