Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?
A. Microeconomics
B. Marginal economics
C. Macroeconomics
D. Monetary economics
A. Microeconomics
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What will happen if an economy transforms from being extractive to being inclusive?
A) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase. B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease. C) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase. D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease.
When a Mexican company purchases a U.S.-made computer, the Mexican company pays for it with
A) U.S. dollars. B) euros or yen. C) gold. D) Mexican goods and services. E) Mexican pesos.
In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 40 percent of all income is
A) curve A. B) curve B. C) curve C. D) curve D.
Discuss the significant laws passed since the Great Depression that affect labor-management relations
What will be an ideal response?