While the Rate of Smoking Is Gradually Falling in Developed

question 23

Multiple Choice

While the rate of smoking is gradually falling in developed nations,which of the following represents the rise per year in the developing world?

• A)3)4%
• B)10%
• C)5)8%
• D)15.7%

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Definitions:

Price Decrease

A reduction in the cost of a good or service, which usually leads to an increase in the quantity demanded by consumers.

Allowance

An amount of money given regularly for a specific purpose, often by a parent to a child or by an employer to an employee.

Preferences

The subjective tastes and choices of consumers, which guide their decision-making in selecting among alternatives.

Laspeyres Price Index

A measure of the change in the overall price of a specific set of goods and services over time, using the quantities of the goods and services purchased in the base period.