Evaluate the following statements as True or False, then explain your answer:
a. if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain.
b. the interest income that could have been earned on money invested in a college education is not relevant to the decision to attend college. is this statement true or false? Explain.
c. increases in aggregate demand will always result in an increase in employment. is this statement true or false? Explain.
d. expansionary fiscal and monetary policies would not be very effective in dealing with the unemployment problems experienced by most European nations. is this statement true or false? Explain.
e. the prospect of Social Security benefits has induced workers to retire at earlier ages. Is this true or false? Explain.