Homework Clinic
Social Science Clinic => Economics => Topic started by: yoooooman on Jun 30, 2018
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According to this Application, why is the value of Wal-Mart's 2014 sales NOT an accurate measurement of its actual sales impact on the U.S. economy?
A) The sales figure includes the value of purchases from other firms.
B) The sales figure did not account for chain-weighted inflation measurements.
C) The sales figure was in nominal, not real, dollars.
D) The sales figure did not take into account the recession of 2008.
Question 2
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
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Answer to Question 1
A
Answer to Question 2
A