1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arlecino [84]
3 years ago
6

Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As aresult, smokers who live in Wyoming start pu

rchasing their cigarettes in surrounding states.Which of the following principles does this best illustrate?a. People respond to incentives.b. Rational people think at the margin.c. Trade can make everyone better off.d. Markets are usually a good way to organize economic activity.
Business
1 answer:
fomenos3 years ago
6 0

Answer:

a. People respond to incentives.

Explanation:

Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.

Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.

This illustrates or reflect the fact that people respond to incentives.

You might be interested in
A change from an inefficient mix to an efficient mix of output would best be represented with a production possibilities frontie
barxatty [35]
It would be best presented as <span>movement from inside the PPF onto the PPF
The curve of </span>The production possibility frontier (<span>PPF) will show the curve that project/depict the possibilities for maximum output possibilities for two different goods. The projection that shown by the PPF is created with the assumptions that all resources are used efficiently.</span>
7 0
3 years ago
Reflection of food and beverage
hram777 [196]

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

  • Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches.
  • Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.
4 0
3 years ago
J. Pitner Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, dep
rjkz [21]

Answer: True - Monopolistic competition

Explanation:

The monopolistic competition is one of the type of imperfect competition in which the various types of industries selling the products and the services that is basically differentiated from others.

In the monopolistic competitors, the different types of decision taken by an organizations are not directly affecting the other competitors in the market.

 According to the question, the J. Pitner's is basically refers to the monopolistic competition in the given competitive environment as it helps in establishing the reputation by offering the various types of high quality services.        

 Therefore, Monopolistic competition is the correct answer.

5 0
3 years ago
Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Opera
elena-s [515]

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

                             Ruston Company

                       Statement of Cash Flows

                              For the Year 2020

<u>Details                                                                    $'000    </u>

Net Income                                                            9,100

Adjustments from Operating Activities            <u>    1,100  </u>

Net Cash Flow from Operating Activities         10,200

Net Cash Flow from Investing Activities           (4,300)

Net Cash Flow from Financing Activities of   <u>    3,400  </u>

Net Cash Flow                                                <u>     9,300  </u>

Since the amount is in thousands, that implies that  the Net Cash Flow is $9,300,000.

7 0
2 years ago
Compare Australia's economy and China's economy​
PilotLPTM [1.2K]

Answer:

China has the bigger economy than Australia

Explanation:

5 0
3 years ago
Other questions:
  • Which of the following choices best describes why it is difficult to start a self improvement plan?
    9·2 answers
  • Grant has avoided applying for credit cards or taking loans. He only uses his savings to pay for purchases. What is the most lik
    8·2 answers
  • As jessica enters audio jetz car electronics department, she is asked by the salesperson if she has seen the new plug-in cell ph
    8·2 answers
  • The tools, skills, organization, and knowledge used to extract energy from nature are the
    8·1 answer
  • Will leaving the country make an American businessman immune to U.S. laws?
    10·1 answer
  • Grace is a finance manager at her firm. She wants to make a decision based on the inputs of her group members and their agreemen
    15·1 answer
  • Sue’s Jewelry sold 30 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10
    13·1 answer
  • The company is deciding whether to drop product line F because it has an operating loss. Assuming fixed costs are​ unavoidable,
    7·2 answers
  • Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F
    5·1 answer
  • Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!