When gasoline prices fall, the demand for alternative fuel cars likely:
A. falls, raising their equilibrium price and lowering equilibrium quantity.
B. falls, lowering their equilibrium price and raising equilibrium quantity.
C. rises, raising their equilibrium price and quantity.
D. falls, lowering their equilibrium price and quantity.
Answer: D
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Which is true to promote economic growth?
a. govts should encourage a relaxation of the child labor laws, to allow younger children to leave school by age 12 in order to work and earn income b. The US govt should often lower taxes on foreign firms who want to locate plants in the US c. Govts should encourage women to have 5 or more babies to foster economic growth d. all
Research on the productivity of southern cotton plantations shows that:
a. cotton production was greater on large slave plantations than on small free-family farms. b. the majority of the South's cotton crop was grown on farm units of less than 100 acres. c. output per slave declined during the antebellum period. d. plantation-style agriculture was inefficient. e. All of the above.