Which Broad Field of Economics Would Most Likely Study How

question 128

Multiple Choice

Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?

• A) Microeconomics
• B) Marginal economics
• C) Macroeconomics
• D) Monetary economics

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Definitions:

Fred Korematsu

An American civil rights activist who resisted the internment of Japanese Americans during World War II and whose legal case against the U.S. government led to significant discussions on civil liberties.

Military Necessity

A legal and ethical principle justifying measures that are necessary to achieve a legitimate military objective and that are not otherwise prohibited by international humanitarian law.

Soviet Union's Declaration

A formal announcement or statement made by the Soviet Union, which could pertain to policy, intent, or ideology during its existence from 1922 to 1991.

Winston Churchill

A British politician, army officer, and writer who served as the Prime Minister of the United Kingdom during World War II and again in the early 1950s.