Answer:
The correct answer is a).
Explanation:
The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.
If the income elasticity of demand for medical care is 1.35,
<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.
<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.
<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.
<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.
In the past, the policy-making relationship between states and the federal government was called Dual federalism, since there was a clear separation of policy responsibility between the two levels.
Dual federalism, also known as hierarchical federalism or shared sovereignty, is a political arrangement in which powers are clearly divided between federal and state governments, with state governments exercising delegated powers without federal interference. .
Even the House and Senate are examples of dual federalism. Both houses may be involved in approving federal laws that affect different states and require state involvement, but issues can only be passed through the senator's desk or state senators. representative.
Learn more about Dual federalism here: brainly.com/question/5544302
#SPJ4
I think it would be better if you provided some options to choose. But I think, I know the answer. I think it's one of practice innovative strategies.
I’ll say it’s A
But I think it’s C
It’s gonna be either A or C
Answer:
A lot of information is missing, but the answer is the same whether we are told about a specific case or not. If the US Supreme Court decided on a similar case that is under trial in Nebraska, the Nebraska court must follow the decision and guidelines of the US Supreme Court.
The Supreme Court is the highest court in the US, and its decisions must be followed by all lower courts. If a lower court doesn't follow a Supreme Court decision on a similar case, then an appellate court would reverse the decision.
The Supreme Court does not create laws, but it decides on how they should be enforced.
