Use the Following to Answer Question

question 177

Multiple Choice

Use the following to answer question:
-(Figure: The Market for SUVs) Use Figure: The Market for SUVs.A quota of _____ will bring about the same price and output in the market for yachts as would an excise tax of $60,000.

• A)2,000
• B)3,000
• C)4,000
• D)The answer is impossible to determine.

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Definitions:

Scientific Study

The systematic investigation of scientific theories and hypotheses through careful experimentation, observation, and analysis leading to new knowledge or conclusions.

Crystallized Intelligence

Aspects of intelligence involving verbal ability and accumulated knowledge, which tend to increase over the life span.

Fluid Intelligence

Aspects of intelligence involving abstract reasoning and mental flexibility, which peak in the early 20s and decline slowly as people age.

Cognitive Dissonance

A psychological phenomenon where a person experiences discomfort or distress due to holding conflicting beliefs, attitudes, or behaviors simultaneously.