Author Question: The income elasticity for cars is high. This is best illustrated by which of the following? (a) ... (Read 26 times)

abc

  • Hero Member
  • *****
  • Posts: 543
The income elasticity for cars is high. This is best illustrated by which of the following?
 
  (a) College students buy a high percentage of the lower priced, dependable foreign cars.
  (b) The purchase of all hybrid cars increases in response to the call to reduce the auto's footprint.
  (c) U.S. cars built by foreign automakers sold at relatively lower prices than their equal American counterparts.
  (d) All of the above.

Question 2

Which of the following policies are likely to increase national savings?
 
  a. running larger government budget deficits.
  b. decreasing taxes on stock dividends.
  c. reducing taxes on consumption.
  d. having to pay higher interest rates on the national debt.
  e. none of the above.



fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Answer to Question 1

(a)

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library