71.              When copper metal is placed in a solution of platinum(II) chloride, will a reaction occur?  If so, what is the balanced equation for the reaction? A)Yes.  Cu(s) + PtCl2(aq) ? CuCl(aq) + PtCl(aq) B)Yes.  Cu(s) + Pt2Cl(aq) ? CuCl(aq) + Pt(aq) C)Yes.  Cu(s) + PtCl2(aq) ? CuCl2(aq) + Pt(s) D)No reaction will occur. E)Cu(s) + Pt2Cl(aq) ? CuCl(aq) + 2Pt(aq)   72.              […]

  61.ConsiderPaul’sdecisiontogotocollege.Ifhegoestocollege,hewillspend$90,000ontuition,$15,000onroomandboard,and$7,000onbooks.Ifhedoesnotgotocollege,hewillearn$22,000workingataconstructionjobandhewillspend$11,000onroomandboard.Paul’scostofgoingtocollegeis a.$96,000. b.$110,000. c.$114,000. d.$123,000. 62.IfFaithattendscollege,itwilltakeherfouryears,duringwhichtimeshewillearnnoincome.Shewillpay$50,000for tuition,$12,000for roomandboard, and$5,000 forbooks.Ifshespendsthefouryearsworkingratherthanattending college,shewillpay$18,000forroomandboard,paynointuition,andbuynobooks.Basedonthisinformation,Faith’seconomiccostofattendingcollegewouldbe$67,000if,overthefouryears,shecouldearn a.$12,000insteadofattendingcollege. b.$14,000insteadofattendingcollege. c.$16,000insteadofattendingcollege. d.$18,000insteadofattendingcollege. 63.Maureen’scollegeraisesthecostofroomandboardpersemester.ThisincreaseraisesMaureen’sopportunitycostofattendingcollege a.eveniftheamountshewouldhavetopayforroomandboardifshedidn’tattendcollegerosebythesameamount.AnincreaseinopportunitycostreducesMaureen’sincentivetoattendcollege. b.eveniftheamountshewouldhavetopayforroomandboardifshedidn’tattendcollegerosebythesameamount.AnincreaseinopportunitycostincreasesMaureen’sincentivetoattendcollege. c.only if the amount she would have to pay for room and board if she didn’t attend college rose by less than the increase in the amount her college charges. An increase in opportunity cost reduces Maureen’s incentive to attend college. d.onlyiftheamountshewouldhavetopayforroomandboardifshedidn’tattendcollegerosebylessthantheincreaseintheamounthercollegecharges.AnincreaseinopportunitycostincreasesMaureen’sincentivetoattendcollege. 64.Whencalculatingthecostofcollege,whichofthefollowingshouldyouprobablynotinclude? a.Thecostoftuition b.Thecostofbooksrequiredforcollegeclasses c.Theincomeyouwouldhaveearnedhadyounotgonetocollege […]

    92) The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________. A) less then; fall B) greater than; rise C) greater than; fall D) less than; rise E) equal to; fall   93) Which of the following is correct? i.A surplus puts […]

    11) Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury sedans, pickup trucks and compact cars. What fundamental economic question are they addressing by making this range of products? A) How should we produce goods that consumers want? B) Why should we produce a variety of automobiles? C) What goods should we produce? D) For whom should we produce […]

  11) Suppose the price of a can was $5.10. In this case, to maximize its profit, the firm illustrated in the figure above would A) decrease its production and would make an economic profit. B) not change its production and would make zero economic profit. C) not change its production and would make an economic profit. D) decrease its production and would incur an […]

  127.On the statement of cash flows worksheet, a.significant noncash investing and financing activities are not entered in the reconciling columns. b.a decrease in cash will be offset by a debit in the reconciling items columns at the bottom of the worksheet. c.an increase in cash will be offset by a debit in the reconciling items column at the bottom of the worksheet. d.income statement […]

  11) The imposition of ________ shifts the labor demand curve downward. A) a sales tax B) an income tax C) a Social Security tax on workers D) a Social Security tax on employers E) Both answers C and D are correct. 12) ________ tax is progressive if the ________. A) An income; average tax rate is constant as income increases B) An income; average […]

    21) A demand schedule shows A) the quantities that people plan to buy in all possible circumstances. B) the quantities that people plan to buy at each different price when all other influences on buying plans remain the same. C) the quantities that people would plan to buy if they could afford them at each different price when all other influences on buying […]

  31. (p. 127) With respect to business customs, customs that must be recognized and accommodated are called:  A. imperatives. B. electives. C. exclusives. D. non-traditional. E. standardized. 32. (p. 127) With respect to business customs, customs to which adaptation is helpful, but not necessary are called:  A. imperatives. B. electives. C. exclusives. D. non-traditional. E. standardized. 33. (p. 127) With respect to business customs, customs in which the outsider must not participate are called:  A. imperatives. B. electives. C. exclusives. D. non-traditional. E. standardized. 34. (p. 127) Which of the following […]

  41) If two countries each produce wool and cotton, the country with the higher opportunity cost for cotton (in terms of wool) will also have A) a comparative advantage in the production of wool. B) a comparative advantage in the production of cotton. C) an absolute advantage in the production of wool. D) an absolute advantage in the production of cotton. E) an absolute […]