An announcement that smoking will harm your ability to think clearly will most likely result in:
A) an increase in the quantity of cigarettes demanded.
B) a decrease in the demand for cigarettes.
C) no change in smoking habits.
D) an increase in the equilibrium price of cigarettes.
Ans: B) a decrease in the demand for cigarettes.
Economics
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In Figure 11.3, if the MPS is 0.25 and the distance between points C0 and C1 is 200, then the distance between points y0 and y1 must be
A) 50. B) 200. C) 400. D) 800.
Economics
One of the main tools used by economists to measure the actual distribution of income is
a. the Lorenz curve b. the Golden Rule c. the MR = MC rule d. the MRP = MRC rule e. the capital / labor ratio
Economics