If a Tax Is Placed on One Good and Not

question 6

Multiple Choice

If a tax is placed on one good and not another, the effect that causes you to buy more or less of the taxed good because you have less real buying power is called

• A)substitution effect.
• B)net effect.
• C)income effect.
• D)domino effect.

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Definitions:

Unconscious Thought Theory

A theory suggesting that complex decisions can be better handled by the unconscious mind.

Consciousness

The state of being aware of and able to think about one's surroundings, sensations, and thoughts.

Pros And Cons

The advantages and disadvantages of a particular decision or course of action, considered in order to make an informed decision.

NREM Sleep

Non-Rapid Eye Movement Sleep, a restorative sleep phase that includes stages 1-3, characterized by slow brain waves and physical relaxation.