__________ consumption will __________ as a result of a decrease in taxes
A) Autonomous; decrease
B) Autonomous; increase
C) Induced; decrease
D) Induced; increase
B
You might also like to view...
You like to sleep until 11:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A) nothing, since you can go back to bed later B) sleep C) obtaining the notes from the 8:00 am class D) the money you spend on coffee to stay awake
If you own 500 shares of preferred stock, how many regular votes would you get to cast at the next stockholders meeting?
A) 500 B) 250 C) 1 D) 0
The concepts of comparative advantage, specialization, and trade form a compelling argument in favor of:
A. free trade. B. protectionism. C. self-sufficiency. D. only exporting goods and not importing goods.
In contrast to both perfect competition and monopolistic competition, an oligopoly market structure is characterized by:
a. price discrimination. b. a perfectly inelastic demand curve. c. the presence of infinite number of firms. d. the production of only differentiated products. e. difficulty in the entry of new firms.