Author Question: The income elasticity for cars is high. This is best illustrated by which of the following? (a) ... (Read 59 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?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library