This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be: ... (Read 101 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
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

  • Member
  • Posts: 623
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ... The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ...
SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels. SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels.
Permafrost: Top layer temperatures increased by as much as 3˚C Permafrost: Top layer temperatures increased by as much as 3˚C
Increased Cancer Risk with BRCA1 or BRCA2 Mutation Increased Cancer Risk with BRCA1 or BRCA2 Mutation
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library