Bill Thinks That Drug Use Is Bad, but He Has

question 77

Multiple Choice

Bill thinks that drug use is bad, but he has friends who use illicit drugs and he sometimes gets high himself. Socializing with drug users and using drugs himself illustrate which component of attitude?

• A) evaluation
• B) action
• C) belief
• D) moral

Apply economic theory to calculate socially efficient levels of production taking into account external costs.

Differentiate between private and public goods and their implications for utility in economic models.

Analyze the impact of single-peaked preferences on collective decision-making and public goods provision.

Examine the relationship between utility functions, income, and the provision of goods within a market.