Answer:
The income effect
Explanation:
The income effect is the effect on real income when price changes and it can be positive or negative. for instance when price falls, and assuming nominal income is constant, the same nominal income can buy more of the good hence demand for this and other goods is likely to rise.
Madeleine's vacation time has been spent at home catching a few local attractions when she could afford them. This year, she received a big bonus at work and has decided to finally take the trip to Europe that she has always dreamed about. Madeleine's purchasing behavior has changed due to the income effect.
This explains the concept of income effect.
Answer:
Those who grow in guided society tends to develop a sense of responsibility in them.
Explanation: The Chinese Exclusion Act was passed in 1882, and again in 1892.] The Exclusion Acts then passed were limited to ten years’ duration. In May next the latest act will expire by limitation, and Congress will be asked to renew it, because, until now, Chinese exclusion has been regarded in diplomatic circles and elsewhere as the settled policy of the country. Has there been any change in the nature of the evil, or in the sentiments of the people? Certainly not on the Pacific Coast, where the lapse of time has made still more evident the non-assimilative character of the Chinese and their undesirability as citizens.
Answer:
C. Erie Lake and Atlantic Ocean
