Author Question: The income elasticity for cars is high. This is best illustrated by which of the following? (a) ... (Read 61 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?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

For a complete list of videos, visit our video library