Author Question: The impact of an increase in the gasoline tax on SUV sales is A) a macroeconomics topic because ... (Read 109 times)

appyboo · **on:** Jun 29, 2018

The impact of an increase in the gasoline tax on SUV sales is

A) a macroeconomics topic because it deals with taxes.
B) a microeconomics topic because it deals with one industry.
C) not an economic issue, but rather a political issue.
D) insignificant.

Question 2

The price of a new textbook is 120 in one year and is 150 two years later, while the price of a used copy of the text increased from 40 to 60. The relative price of a new textbook

A) increased from 3 to 4.5.
B) decreased from 0.8 to 0.67.
C) decreased from 3 to 2.5.
D) remained constant.