Government prohibition of advertising cigarettes on television would most likely result in
A) a rightward shift in the demand curve for cigarettes.
B) a leftward shift in the demand curve for cigarettes.
C) a rightward shift in the demand curve for television advertising time.
D) no change in the market for either cigarette or television advertising.
B
You might also like to view...
Regarding the role of saving in economic growth, studies indicate that
A) there is both a positive and a negative relationship between economic growth and saving. B) there is a positive relationship between economic growth and saving. C) there is a negative relationship between economic growth and saving. D) there is no relationship between economic growth and saving.
The present value of $500,000 in 4 years at 7 percent interest is approximately:
A. $381,448. B. $655,398. C. $344,682. D. None of these statements is true.
Ariana is the CEO of a corporation that hires nonunion labor. According to the theory of efficiency wages, if she decides to pay her workers more than the competitive equilibrium wage, then
a. the profits of her firm might increase. b. she will face a shortage of labor. c. the turnover of her workers may increase. d. None of the above is correct.
An improvement in the infrastructure of a country, ceteris paribus, should result in a lower price level and increased employment.
Answer the following statement true (T) or false (F)