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
C
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The major source of surplus value is:
a. Capitalist philanthropy b. Labor c. Spontaneous order d. Monopoly e. Above Subsistence wages
The signals that guide the allocation of resources in a market economy are
a. surpluses and shortages. b. quantities. c. government policies. d. prices.
The homoskedasticity assumption in time series regression suggests that the variance of the error term cannot be a function of time.
Answer the following statement true (T) or false (F)
The run up in gasoline prices during 1999 and 2000
A. put them about the same as their long-term inflation-adjusted average. B. still had them much below their long-term inflation-adjusted average. C. put them well above their all-time high. D. put them much above their long-term inflation-adjusted average.