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Author Question: If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be: ... (Read 59 times)

luvbio

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on: Jun 30, 2018
If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:
 a. a normal good.
  b. an inferior good.
  c. a substitute good.
  d. a complementary good.

Question 2

In 1865, Congress raised the tax on state bank notes to 10 percent of the value of notes in circulation. Quantitative evidence shows that by 1900,
 a. state banks had ceased to exist.
  b. the number of state banks had declined dramatically.
  c. the number of state banks had increased dramatically.
  d. the number of state banks was roughly the same as in 1865.


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Kaytorgator

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a. a normal good.

Answer to Question 2

c. the number of state banks had increased dramatically.


luvbio

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Gracias!

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