Question : 65) If the costs of producing pizza increase, which will : 1241462

Economics

65) If the costs of producing pizza increase, which will occur?

A) The supply of pizza will decrease.

B) The quantity of pizzas supplied will increase as sellers try to cover their costs.

C) Pizza will cease to be produced and sold.

D) The demand curve for pizza will shift leftward when the price of a pizza increases.

E) The demand curve for pizza will shift rightward when the price of a pizza increases.

66) Wheat is used to produce cereal. When the price of wheat falls, the

A) demand for wheat increases.

B) supply of wheat decreases.

C) supply of cereal increases.

D) demand for cereal increases.

E) demand for cereal decreases.

67) A rise in the price of a substitute in production for a good leads to

A) an increase in the supply of that good.

B) a decrease in the supply of that good.

C) no change in the supply of that good; instead there is a change in the quantity supplied.

D) a decrease in the quantity of that good supplied.

E) no change in either the supply or the quantity supplied of the good.

68) Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes and the supply curve of shoes ________.

A) increases; shifts rightward

B) increases; shifts leftward

C) decreases; shifts rightward

D) decreases; shifts leftward

E) does not change; does not shift

69) An increase in the number of producers of bird seed ________ the supply of bird seed and shifts the supply curve of bird seed ________.

A) increases; rightward

B) increases; leftward

C) decreases; rightward

D) decreases; leftward

E) does not change; rightward

70) Which of the following will increase the supply of a product?

A) an increase in the price of the product

B) an increase in the demand for the product

C) an increase in the number of sellers

D) a decrease in the demand for the product

E) an increase in the price of inputs

71) The graph illustrates the supply of sweaters. Which of the following events will increase the supply of sweaters?

A) a rise in the price of a sweater

B) a rise in the wage rate paid to the workers who make sweaters

C) a rise in the expected future price of a sweater

D) an increase in the number of sellers of sweaters

E) an increase in income if sweaters are a normal good

72) The graph illustrates the supply of sweaters. As the technology used to produce sweaters improves, the

A) supply of sweaters decreases and the demand for sweaters does not change.

B) supply of sweaters increases and the demand for sweaters does not change.

C) quantity of sweaters supplied increases.

D) quantity of sweaters supplied decreases.

E) supply of sweaters increases and the demand for sweaters increases.

73) An increase in the productivity of producing jeans results in

A) the quantity of jeans supplied increasing.

B) the supply of jeans increasing.

C) buyers demanding more jeans because they are now more efficiently produced.

D) buyers demanding fewer jeans because their price will fall, which signals lower quality.

E) some change, but the impact on the supply of jeans is impossible to predict.

74) A change in the price of a good ________ its supply curve and ________ a movement along its supply curve.

A) shifts; causes

B) shifts; does not cause

C) does not shift; causes

D) does not shift; does not cause

E) None of the above because the change in the price might cause either a shift in the supply curve or a movement along the supply curve depending on the size of the change.

75) The graph illustrates the supply of sweaters. A fall in the price of sweaters brings

A) a movement along the supply curve.

B) a decrease in the quantity supplied of sweaters.

C) a shift of the supply curve.

D) Both answers A and B are correct.

E) Both answers B and C are correct.

76) The graph illustrates the supply of soda. If the price of soda rises from $0.50 a can to $1.50 a can, the quantity of soda supplied

A) increases from 0 cans to 4,000 cans a day.

B) decreases from 4,000 cans to 0 cans a day.

C) remains unchanged because the supply increases not the quantity supplied.

D) increases from 0 to 6,000 cans a day.

E) remains unchanged because the supply decreases not the quantity supplied.

77) When the price of rice rises,

A) the market quantity supplied of rice increases.

B) the market supply of rice increases.

C) the market quantity of rice demanded decreases.

D) Both A and C are true.

E) Both A and B are true.

78) Wheat is used to produce cereal. When the price of wheat falls, the

A) demand for wheat increases.

B) supply of wheat decreases.

C) supply of cereal increases.

D) demand for cereal increases.

E) demand for cereal decreases.

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July 1, 2023

1) Members of OSHA's $100,000 club have:

A) invested more than $100,000 in health and safety equipment for employees.

B) purchased health and safety insurance coverage of at least $100,000.

C) received fines of $100,000 or more for safety or health violations.

D) paid more than $100,000 in workers' compensation claims.

2) Workplace safety is a significant issue because approximately ________ employees were injured on the job in 2009.

A) 3,000,000

B) 1,000,000

C) 500,000

D) 250,000

3) According to the doctrine of contributory negligence, employers were:

A) not responsible for an employees' injury when another employee's negligence caused the injury.

B) not liable for an employee's injuries when that employee's own negligence caused the injury.

C) responsible for compensating employees for all work-related illnesses and accidents.

D) not responsible for any employees' injuries under any circumstances.

4) Workers' compensation laws vary by state, but all are built on the theory that:

A) employees' personal health insurance should pay the medical costs of any injuries.

B) work-related accidents are costs of doing business and should be paid for by employers.

C) governments are responsible for paying the medical costs related to an employee's injuries.

D) employers are not responsible for employee injuries resulting from the employee's own negligence.

5) Which of the following is a true statement about workers' compensation?

A) Workers' compensation laws are federally mandated and enforced by OSHA.

B) Non-union firms are not required to carry workers' compensation insurance.

C) Workers' compensation is not mandatory in all U.S. states.

D) Most states had workers' compensation programs by 1911.

6) Workers' compensation:

A) pays only if the worker cannot.

B) is considered a no-fault system.

C) is mandatory in all fifty states.

D) covers employees' medical costs with Medicaid.

7) The primary goal of state workers' compensation laws is best described as:

A) providing a means for injured workers to receive care and income without having to sue.

B) determining the cause of work-related accidents and minimizing future accidents.

C) ensuring that employers are not held responsible for accidents caused by worker negligence.

D) spreading the cost of workplace accidents among all workers in the state.

8) The ________ holds that employers are not held liable for an employee's injuries when the negligence of another employee contributed to or caused the accident.

A) doctrine of contributory negligence

B) fellow-servant rule

C) general duty provision

D) "no-fault" rule

9) Which of the following is most likely true?

A) Workers' compensation is a federal program. OSHA is the organization that helps individual states meet workers' compensation standards.

B) Workers' compensation is a federal program that provides compensation to employees injured on the job. OSHA is a federal program that creates and enforces safety standards in the work place.

C) OSHA is a federal program that creates safety standards for work environments. Workers' compensation programs are created by the individual states to provide compensation for employees injured on the job.

D) OSHA is a federal program that provides compensation for employees injured on the job. Workers' compensation programs are state programs that provide compensation for employees injured on the job.

10) Workers' compensation:

A) replaces the worker's entire income until he/she is able to work again.

B) provides benefits for permanent, but not temporary, impairment.

C) gives survivors burial allowances and income benefits.

D) covers medical expenses up to $100,000.