In a perfectly competitive labor market, a profit-maximizing firm will hire labor up to the point at which the

Cigarettes are highly addictive and therefore have a very low elasticity of demand. A $2.00 increase in the national sales tax on cigarettes would likely cause the price paid by buyers of cigarettes to

A) increase by more than $1.00 but less than $2.00. B) increase by $2.00. C) increase by more than $2.00. D) increase by less than $1.00. E) remain unchanged.

Checks ________ money and checking deposits ________ money

A) are; are B) are; are not C) are not; are D) are not; are not