The Substitution Effect

question 32

Multiple Choice

The substitution effect:

• A) Is typically more descriptive for taxpayers with lower disposable income.
• B) Predicts that taxpayers will work harder to pay for consumer products when tax rates increase.
• C) Results in the government collecting more aggregate tax revenue than under the income effect.
• D) Is one of the effects considered in static forecasting.
• E) None of the choices are correct.

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Definitions:

Polyploids

Organisms or cells having more than two paired sets of chromosomes, often resulting in increased size or other changes.

Hybridization

(1) Interbreeding between members of two different taxa. (2) Interbreeding between genetically dissimilar parents. (3) In molecular biology, complementary base pairing between nucleic acid (DNA or RNA) strands from different sources.

Plant Evolution

The study of the processes that led to the diversity of the plant kingdom, from the earliest forms of life to the vast array of plants we see today.

Mechanical Isolation

A prezygotic reproductive isolating mechanism in which fusion of the gametes of two species is prevented by morphological or anatomical differences.