Giving in to the Demand of Protestors,suppose the French Government

question 31

Multiple Choice

Giving in to the demand of protestors,suppose the French government reduces the tax on gasoline by 15 percent.Neither the demand for gasoline nor the supply of gasoline is perfectly elastic or inelastic.As a result of the tax cut,the price for a gallon of gasoline paid by buyers

• A) falls by 15 percent.
• B) rises by 15 percent.
• C) falls by less than 15 percent.
• D) rises by less than 15 percent.
• E) falls by more than 15 percent.

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Definitions:

Anal Character

A term from psychoanalytic theory referring to a personality type resulting from a fixation at the anal stage of development, characterized by orderliness, stubbornness, and a focus on control.

Oral Character

A personality type in psychoanalytic theory associated with issues in the oral stage of development, such as dependency.

Phallic Stage

In psychoanalytic theory, the stage of psychosexual development from about 4 to 7 years of age in which the physical focus of the libido is the penis (for boys) and its absence (for girls).

Latency Period

A stage in psychosexual development, proposed by Freud, occurring from about age six to puberty, characterized by a decrease in sexual interest and activity.