Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. This research indicates that the cross elasticity of the two products ismultiple choicenegative so that beer and marijuana are complements.negative so that beer and marijuana are substitutes for one another.positive so that beer and marijuana are complements.positive so that beer and marijuana are substitutes for one another.

If the prices of close substitutes for beer should rise dramatically and nothingelse changes, then

The rise of craft beer consumption has put pressure upon the mainstream beers (e.g Tooheys, XXXX, Carlton Draught). For many consumers craft beers are a preferable substitute to the mainstream beers. Following the increased popularity of craft beer, a report was been released showing that moderate beer consumption is good for your health. In order to limit binge drinking in society, the government decides to place a tax on all alcohol consumption. If the effect of the report on beer consumption is minor, while the tax drastically increases the price of beer, will the market price of craft beer be lower/equal/higher than prior to the rise in popularity of craft beer. [a] (Type L for lower, E for equal, H for higher, N for need more information).

42."Economics is concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity." This statement is (1 Point)positive but incorrect.positive and correct.normative but incorrect.normative and correct.43.Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer because college students drink too much." We can conclude that (1 Point)Ben's statement is normative, but Holly's is positive.Holly's statement is normative, but Ben's is positive.both statements are normative.both statements are positive.44.Reza says "the minimum wage is too low." Iman states that "raising the minimum wage would be unfair to employers." We can conclude that (1 Point)Reza' statement is positive, but Iman's is normative.Reza's statement is normative, and Iman's is normative.Both statements are positive.Iman's statement is positive, but Reza's is normative.45.Luisa claims that "government spending $100 billion on infrastructure will reduce transportation costs by 10 percent." Joachim counters that "$100 billion on infrastructure spending will reduce transportation costs by 20 percent." We can conclude that (1 Point)Luisa's statement is normative, but Joachim's is positive.Joachim's statement is normative, but Luisa's is positive.both statements are normative.both statements are positive46."Macroeconomics is the part of economics concerned with individual units, such as a person, a household, a firm, or an industry." This statement is (1 Point)positive but incorrect.positive and correct.normative but incorrect.normative and correct.

Which of the following is true about cannabis?All cannabis products make users feel "high."Vaping cannabis is safer than vaping nicotine.THC-free cannabis products do not have any cannabinoids.Cannabis today has more THC than cannabis a few decades ago.SubmitContinue

Why is it logical for deviance-prone young people to use beer or cigarettes as their gateway substances?Multiple choice question.because they are more difficult to acquire than psychoactive drugsbecause they are less harmful than psychoactive drugsbecause they are more expensive than psychoactive drugsbecause they are more widely available than psychoactive drugs