Recall the Application about the decrease in taxes on cigarettes in several Canadian provinces in 1994 to answer the following question(s). According to this Application, after the government deceased cigarette taxes in several Canadian provinces in 1994, the price of cigarettes in these provinces decreased by roughly ________ percent.
A. 8
B. 17
C. 50
D. 88
Answer: C
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In which of the following instances would the deadweight loss of the tax on cartons of cigarettes increase by a factor of 9?
a. The tax on cartons of cigarettes increases from $10 to $11.11. b. The tax on cartons of cigarettes increases from $10 to $20. c. The tax on cartons of cigarettes increases from $10 to $30. d. The tax on cartons of cigarettes increases from $10 to $90.
From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates
a. frictional unemployment created by efficiency wages. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts. d. structural unemployment created by sectoral shifts.
The demand for goods and services is called ____ demand, while the demand for resources is called ____ demand.
A. derived; derived B. final; final C. final; derived D. derive; final