Both Reasoning Abilities and Fundamental Changes in the Way People

question 10

Multiple Choice

Both reasoning abilities and fundamental changes in the way people think are usually part of the college experience.For example,college students

• A)come to see that knowledge and values are universal and unvarying.
• B)recognize that individuals do not have their own point of view.
• C)realize that many opinions on issues may be as valuable as theirs.
• D)learn to base their beliefs and judgments on those of their peers and professors.

Analyze the impact of tax policies on consumer behavior and market outcomes.

Calculate and interpret consumer surplus in various market scenarios.

Determine the effects of price changes on market demand and consumer expenditure.

Understand the concept of network externalities and their impact on market demand.