The Field of _____________ Would Most Likely Study How All

question 53

Multiple Choice

The field of _____________ would most likely study how all consumers respond to a hike in cigarette taxes,and the field of ______________ would most likely study how Bob responds to the tax.

• A)microeconomics;microeconomics
• B)microeconomics;macroeconomics
• C)macroeconomics;microeconomics
• D)macroeconomics;macroeconomics

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Definitions:

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, not necessarily reflecting its market value.

Legal Capital

Minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.

Stated Value

A value assigned to no-par stock by the company's board of directors.