Author Question: Recall the Application. The change in demand for cigarettes resulting from the decrease in taxes ... (Read 53 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
Recall the Application. The change in demand for cigarettes resulting from the decrease in taxes would normally create, ceteris paribus
 
  A) a decrease in their quantity supplied. B) a decrease in their supply.
  C) an increase in their supply. D) an increase in their quantity supplied.

Question 2

A hypothesis that assumes that people combine the effects of past policy changes on economic events and their own judgment about future effects of current and future policy changes is known as
 
  A) active expectations. B) modern expectations.
  C) rational expectations. D) adaptive expectations.



briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library