External link to Question : 11) In the following gas phase reaction, what the effect : 1362953

Question : 11) In the following gas phase reaction, what the effect : 1362953

  11) In the following gas phase reaction, what is the effect on the direction of the reaction if more SO3 is added to the reaction mixture? 2SO2 + O2 ? 2SO3   A) The equilibrium shifts to produce more products. B) The position of the equilibrium remains unchanged. C) The rate of formation of products is increased. D) The equilibrium shifts to produce more […]

External link to Question : 101.Which approach to calculating GDP especially useful in clarifying the : 1379059

Question : 101.Which approach to calculating GDP especially useful in clarifying the : 1379059

    101.Which approach to calculating GDP is especially useful in clarifying the resale of existing goods? A. The expenditure approach B. The income approach C. The value-added approach D. Any of these measurements will allow that kind of clarification equally well. 102.U.S. GDP increased from $12.5 trillion in 2005 to $14 trillion in 2009. This means that: A. people in the U.S. produced more goods and services in 2009 […]

External link to Question : 17.5   Personnel Economics 1) Personnel economics is A) the study of the : 1387998

Question : 17.5   Personnel Economics 1) Personnel economics is A) the study of the : 1387998

    17.5   Personnel Economics   1) Personnel economics is A) the study of the factors that determine wage rates. B) the study of how workers are affected by tax law changes. C) the application of economic analyses to human resource issues. D) the application of economic analysis to the hiring decision.   2) A successful compensation scheme A) must pay workers with comparable skills […]

External link to Question : 11) Ali decides to attend the one-hour review session for : 1226021

Question : 11) Ali decides to attend the one-hour review session for : 1226021

    11) Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per hour. Ali’s opportunity cost of attending the review session is A) the $10 he could have earned at his job. B) the value of the session minus the $10 he could have earned at his job. C) nothing, because the […]

External link to Question : Exercises 132.Print Jiff manufactures books. The company trying to decide whether : 1302796

Question : Exercises 132.Print Jiff manufactures books. The company trying to decide whether : 1302796

  Exercises   132.Print Jiff manufactures books. The company is trying to decide whether to print the individual pages in-house (the current practice) or have a printing company perform this task. For each of the following items, indicate if the itemis relevant or not relevant to this decision.   ________A.Cost of buying ink   ________B.Rent on the Print Jiff factory   ________C.Original price of the […]

External link to Question : 41) The Great Depression of the 1930s with a large : 1267033

Question : 41) The Great Depression of the 1930s with a large : 1267033

  41) The Great Depression of the 1930s with a large number of workers and factories unemployed would be represented in a production possibilities frontier graph by A) a point inside the frontier. B) a point outside the frontier. C) a point on the frontier. D) an intercept on either the vertical or the horizontal axis. 42) Suppose there is no unemployment in the economy […]

External link to Question : 41) Anheuser-Busch and Miller Brewing both experienced market failures in : 1353294

Question : 41) Anheuser-Busch and Miller Brewing both experienced market failures in : 1353294

  41) Anheuser-Busch and Miller Brewing both experienced market failures in the United Kingdom when they used the phrase “light beer” which was misinterpreted as: A) being low in calories. B) having reduced alcohol levels. C) having light color. D) having less quality. E) having less quantity. 42) When the Coca-Cola Company was developing its new Dasani bottled water brand, linguists helped guide the naming […]

External link to Question : 21.RefertoFigure8-14.Whichofthefollowingcombinationswillmaximizethedeadweightlossfromatax? a.supply1anddemand1 b.supply2anddemand2 c.supply1anddemand2 d.suppl : 1262568

Question : 21.RefertoFigure8-14.Whichofthefollowingcombinationswillmaximizethedeadweightlossfromatax? a.supply1anddemand1 b.supply2anddemand2 c.supply1anddemand2 d.suppl : 1262568

  21.RefertoFigure8-14.Whichofthefollowingcombinationswillmaximizethedeadweightlossfromatax? a.supply1anddemand1 b.supply2anddemand2 c.supply1anddemand2 d.supply2anddemand1 22.RefertoFigure8-14.Whichofthefollowingstatementsiscorrect? a.Supply1ismoreelasticthansupply2. b.Demand2ismoreelasticthandemand1. c.Demand1ismoreelasticthansupply1. d.Alloftheabovearecorrect. 23.RefertoFigure8-14.Whichofthefollowingstatementsisnotcorrect? a.Supply2ismoreelasticthansupply1. b.Demand2ismoreelasticthandemand1. c.Supply1ismoreinelasticthansupply2. d.Demand2ismoreinelasticthansupply2. 24.Supposethegovernmentimposesataxoncheese.Thedeadweightlossfromthistaxwilllikelybegreaterinthe a.firstyearafteritisimposedthanintheeighthyearafteritisimposedbecausedemandandsupplywillbemoreelasticinthefirstyearthanintheeighthyear. b.firstyearafteritisimposedthanintheeighthyearafteritisimposedbecausedemandandsupplywillbelesselasticinthefirstyearthanintheeighthyear. c.eighthyearafteritisimposedthaninthefirstyearafteritisimposedbecausedemandandsupplywillbemoreelasticinthefirstyearthanintheeighthyear. d.eighthyearafteritisimposedthaninthefirstyearafteritisimposedbecausedemandandsupplywillbelesselasticinthefirstyearthanintheeighthyear. 25.Thedemandforchickenwingsismoreelasticthanthedemandforrazorblades.Supposethegovernmentleviesanequivalenttaxonchickenwingsandrazorblades.Thedeadweightlosswouldbelargerinthemarketfor a.chickenwingsthaninthemarketforrazorbladesbecausethequantityofchickenwingswouldfallbymorethanthequantityofrazorblades. b.chickenwingsthaninthemarketforrazorbladesbecausethequantityofrazorbladeswouldfallbymorethanthequantityofchickenwings. c.razorbladesthaninthemarketforchickenwingsbecausethequantityofchickenwingswouldfallbymorethanthequantityofrazorblades. d.razorbladesthaninthemarketforchickenwingsbecausethequantityofrazorbladeswouldfallbymorethanthequantityofchickenwings. 26.Thedeadweightlossfromatax a.doesnotvaryinamountwhenthepriceelasticityofdemandchanges. b.doesnotvaryinamountwhentheamountofthetaxperunitchanges. c.islarger,thelargeristheamountofthetaxperunit. d.issmaller,thelargeristheamountofthetaxperunit. 27.Whichofthefollowingstatementsiscorrectregardingataxonagoodandtheresultingdeadweightloss? a.Thegreaterarethepriceelasticitiesofsupplyanddemand,thegreateristhedeadweightloss. b.Thegreateristhepriceelasticityofsupplyandthesmalleristhepriceelasticityofdemand,thegreateristhedeadweightloss. c.Thesmallerarethedecreasesinquantitydemandedandquantitysupplied,thegreaterthedeadweightloss. d.Thesmalleristhewedgebetweentheeffectivepricetosellersandtheeffectivepricetobuyers,thegreateristhedeadweightloss. 28.Theamountofdeadweightlossthatresultsfromataxofagivensizeisdeterminedby a.whetherthetaxisleviedonbuyersorsellers. b.thenumberofbuyersinthemarketrelativetothenumberofsellers. c.thepriceelasticitiesofdemandandsupply. d.theratioofthetaxperunittotheeffectivepricereceivedbysellers. 29.Theamountofdeadweightlossfromataxdependsuponthe a.priceelasticityofdemand. b.priceelasticityofsupply. c.amountofthetaxperunit. d.Alloftheabovearecorrect. 30.Assumethesupplycurvefordiapersisatypical,upward-slopingstraightline,andthedemandcurvefordiapersisatypical,downward-slopingstraightline.Supposetheequilibriumquantityinthemarketfordiapersis1,000permonthwhenthereisnotax.Thenataxof$0.50perdiaperisimposed.Theeffectivepricepaidbybuyersincreasesfrom a.Afterthetaxisimposed,theequilibriumquantityofdiapersis900permonth. b.Thedemandfordiapersismoreelasticthanthesupplyofdiapers. c.Thedeadweightlossofthetaxis$12.50. d.Thetaxcausesadecreaseinconsumersurplusof$380.    

External link to Question : 11) Assume there a shortage in the market for digital : 1267040

Question : 11) Assume there a shortage in the market for digital : 1267040

  11) Assume there is a shortage in the market for digital music players.  Which of the following statements correctly describes this situation? A) The demand for digital music players is greater than the supply of digital music players. B) Some consumers will be unable to obtain digital music players at the market price and will have an incentive to offer to buy the product […]

External link to Question : 31) An agreement negotiated by two countries that places a : 1244923

Question : 31) An agreement negotiated by two countries that places a : 1244923

    31) An agreement negotiated by two countries that places a numerical limit on the quantity of a good that can be imported by one country from another country is called A) a non-tariff trade barrier. B) an export quota. C) an import quota. D) a voluntary export restraint. 32) The main purpose of most tariffs and quotas is to A) raise revenue for […]

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