According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________
A) increased; right B) increased; left C) decreased; left D) decreased; right
A
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The consumption function shows
A) a positive relationship between an individual's stock of wealth and his level of planned consumption. B) a negative relationship between planned consumption and aggregate saving. C) a positive relationship between disposable income and planned consumption. D) a negative relationship between disposable income and planned consumption.
For goods and services that are perfect substitutes, the consumer's indifference curves are ________ lines
A) straight, negatively sloped B) L-shaped C) negatively sloped, bowed-outward D) negatively sloped, bowed-inward
At the time policymakers debated the Trans-Pacific Partnership, the United States imposed ________ on the value of imported shoes and shoe parts
A) tariffs of 1.5 to 12.5 percent B) tariffs of 95 percent C) no tariffs D) tariffs of 25 to 67.5 percent
Total Government Debt is the sum of previous surplus and deficits.
A. True B. False C. Uncertain