Author Question: The income elasticity for cars is high. During the late 1960s, some U.S. citizens experienced a ... (Read 74 times)

Yi-Chen · **on:** Jun 30, 2018

The income elasticity for cars is high. During the late 1960s, some U.S. citizens experienced a decrease in their real incomes. Consequently, they purchased

(a) more expensive U.S. cars.
(b) more foreign imports due to their relatively low costs.
(c) used U.S. cars in order to avoid foreign imports.
(d) U.S. cars of any type to avoid foreign imports.

Question 2

Which of the following groups was Jefferson most trying to help in setting up the Land Ordinances?

(a) His friends, the land speculators
(b) The urban proletariat
(c) The small farmers
(d) Fellow slave owners