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Why do governments usually tax products with relatively inelastic demands?
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Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?
mentally ill have perfectly inelastic demands for cigarettes and alcohol
What are the different types of demands?
Inelastic Demand & Elastic Demand
Which is true If the demands for a product is inelastic?
a price increase does not have a significant impact on buying habits
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
Who makes the the main economic decisions in a free-market system?
The terms free market Economics and capitalism are used relatively interchangeably because both refer to a system where BUSINESS OWNERS make local decisions to produce, sell, and buy various products based on MARKET DEMAND, rather than government demands.
Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?
mentally ill have perfectly inelastic demands for cigarettes and alcohol
What are the different types of demands?
Inelastic Demand & Elastic Demand
Which is true If the demands for a product is inelastic?
a price increase does not have a significant impact on buying habits
How did many southern state governments respond to the demands of reconstruction?
I dont no
What is the idea that Chamberlain used with Hitler that says if you meet another governments demands you can avoid war?
Appeasement
Hunting that makes relatively few demands on the enivorment is called?
Hunting and Gathering
In free market system who makes the main economic decision?
The terms free market Economics and capitalism are used relatively interchangeably because both refer to a system where BUSINESS OWNERS make local decisions to produce, sell, and buy various products based on MARKET DEMAND, rather than government demands.
How have consumer demands changed the sausage and other meat prepared products industry?
As a result of consumer demands for healthier prepared-meats, meat processing companies introduced many "light" or "low-fat" versions of popular products.
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
If a disaster response demands more resources than any local governments can supply without assistance the next step is to request assistance from?
FEMA
What is the Williams Sonoma collection?
"The Williams Sonoma collection is a group of cookbooks, separated by categories, which demands only the best in gourmet products and kitchenware to make the products."
The nature of federalism has changed over time with new demands that have tended toward a system where the state and national governments share many responsibilities?
cooperative federalism
