Question : 51) If a brewery wants to raise funds to purchase : 1244997

Economics

51) If a brewery wants to raise funds to purchase a new fermenting vat, it does so in the

A) factor market.

B) output market.

C) product market.

D) alcoholic beverages market.

52) When you purchase a new set of spurs you do so in the

A) resource market.

B) product market.

C) input market.

D) factor market.

53) Which of the following is an examples of spending on factors of production in the circular flow model?

A) Orson buys a package of beef jerky at a convenience store.

B) Bernadette gets a manicure and pedicure before attending her parents’ anniversary party.

C) Landon pays $100 for a season pass to a water park.

D) The “Suds Bucket” car wash buys new squeegees for all its employees.

54) All of the following are examples of spending on goods and services in the circular flow model except

A) Giovani buys a new cell phone to replace the one he flushed down the toilet.

B) Amir buys a new humidor for his cigar shop.

C) Isabella buys the sushi plate for lunch at the Turning Japanese Sushi Bar.

D) Vijay buys a new minivan for his family’s cross-country vacation.

Since 2008, the United States has been involved in trade negotiations over the Trans-Pacific Partnership (TPP), a free trade agreement with 11 other countries on both sides of the Pacific Ocean. One area of the negotiations involves patents and intellectual property rights in the pharmaceutical industry. A number of developing countries have ignored international agreements concerning patents and intellectual property rights as a way to benefit their domestic pharmaceutical industries, to the detriment of those companies which have spent considerable time and money developing new medicines. For every 5,000 to 10,000 experimental drugs contemplated, only one will typically gain FDA approval, and this occurs only after up to 15 years of research at an average cost of more than $1 billion. Also, 30 percent of the U.S. workforce is either directly or indirectly employed in the pharmaceutical industry, so protection of these intellectual property rights is very important for the U.S. economy.

Source: Doug Schoen, “Intellectual Property Rights Matter,” Forbes, September 24, 2013.

55) Refer to the Article Summary. If more developing countries began abiding by international agreements which protect intellectual property rights, all of the following would most likely occur except

A) pharmaceutical companies would increase investment in the development of more experimental drugs.

B) pharmaceutical companies would consider expanding operations to these developing countries.

C) more patents would be issued to pharmaceutical companies.

D) fewer dollars would be spent on the development of new medicines.

56) Because the copyright on the L. Frank Baum book The Wonderful Wizard of Oz expired many years ago, the actual written words from the book are in the public domain. Publishers who now choose to sell their own versions of the book

A) can claim copyright of Baum’s words if they are the first to publish the book after the original copyright expired.

B) can claim copyright of Baum’s words no matter how many versions are published, since the original is in the public domain.

C) can not claim copyright of Baum’s words since they are in the public domain, but can claim copyright on any new design or illustrations created for the book.

D) can not claim copyright of Baum’s words, or on any new design or illustrations created for the book, since the original written words are in the public domain.

57) Which of the following is a factor of production?

A) a sofa produced by a furniture manufacturer

B) 20 shares of Microsoft stock

C) the janitor at the local elementary school

D) $500 in cash

58) An example of a factor of production is

A) a car produced by an auto manufacturer.

B) a worker hired by an auto manufacturer.

C) a loan granted to an auto manufacturer.

D) the automobiles exported by an auto manufacturer.

59) If a vineyard wants to raise funds to purchase a new bottling machine, it does so in the

A) factor market.

B) output market.

C) product market.

D) alcoholic beverages market.

60) A worker is hired in a

A) goods and services market.

B) product market.

C) government market.

D) factor market.

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61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.