Answer:
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1. Average consumer income increases by 5%. Which of the following must be true for a normal good?
A. The demand for the good increases by 5%
B. The demand for the good decreases
C. The demand for the good does not change
D. The quantity demanded for the good increases
E. The quantity demanded for the good decreases
2. If the cross-price elasticity of demand between goods X and Y is 1, which of the following must be true?
A. Both goods have unit elastic supply.
B. An increase in the price of good X leads to a decrease in the quantity demanded of good Y.
C. They are substitutes.
D. A percent change in the price of good X is matched by an equal change in the price of good Y.
E. They are both normal goods
3. Which of the following is essential to measure the elasticity of supply ?
A. A percentage change in quantity
B. The price of the good
C. The particular unit of measurement for the good in question
D. A complete schedule for every possible combination of price and quantity
E. Whether the good is normal or inferior
4. Which statement is true if the quantity demanded of a good decreases by 10% while consumer incomes increase by 2%?
A. The income elasticity of demand is -20, and the good is inferior.
B. The income elasticity of demand is and the good is inferior.
C. The income elasticity of demand is 0.2, and the good is normal.
D. The income elasticity of demand is 5, and the good is inferior.
E. The income elasticity of demand is 20, and the good is normal.
5. An increase in the price of Good A by 20 percent results in a decrease in the quantity demanded of Good B by 2 percent. Goods A and B
A. are complements with a cross -price elasticity of demand of -0.1
B. are unrelated goods
C. are substitutes with a cross-price elasticity of demand of 40
D. are complements with a cross- price elasticity of demand of 10
E. are substitutes with a cross-price elasticity of demand of -10
Answer:
1. D
2. C
3. A
4. B (I assume the answer is -5 that you are missing)
5. A
If average consumer income increases by 5%. the thing which must be true for a normal good is:
D. The quantity demanded for the good increasesIf the cross-price elasticity of demand between goods X and Y is 1, then the answer choice which must be true is:
C. They are substitutesThe answer choice which is essential to measure the elasticity of supply is:
A. A percentage change in quantity
The statement which is true if the quantity demanded of a good decreases by 10% while consumer incomes increase by 2% is:
B. The income elasticity of demand is and the good is inferior.If there's an increase in the price of Good A by 20 percent results in a decrease in the quantity demanded of Good B by 2 percent., then Goods A and B are :
A. Complements with a cross -price elasticity of demand of -0.1Read more about consumer income here:
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Answer:
D
Explanation:
A is an example of personification rather than imagery. B and C are simply not applicable.
Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card company would like to study the spending patterns of its cardholders in more detail and to start the analysis, takes a random sample of 142 cardholders. What is the probability more than 75% of these cardholders are carrying a balance?
(Use 4 decimals.)
Answer:
Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card company would like to study the spending patterns of its cardholders in more detail and to start the analysis, takes a random sample of 142 cardholders. What is the probability more than 75% of these cardholders are carrying a balance?
(Use 4 decimals.)
Which of the following most accurately describes the brain during sleep?
A.
The brain goes dormant and does not emit brain waves.
B.
The brain remains active and emits brain waves.
C.
The brain goes dormant and emits brain waves.
D.
The brain remains active and does not emit brain waves.
Answer:
B- The brain remains active and emits brain waves :)
Explanation: The brain remains active and emits brain waves
Answer:
B
Explanation:
Took the quiz a few weeks ago and the same question is on my cumulative exam.
OSHA can't inspect every workplace. What kinds of workplaces does OSHA target to do its job?
Answer:
A. Industries with fatalities and serious injuries
Explanation:
OSHA is an agency of the United States government that helps to ensure that people have safe working conditions by requiring companies to maintain standards and provide training. The inspections this agency does help to reduce accidents and injuries in the workplace. OSHA has had the goal to watch for employers that don't comply with the standards required and they focus on companies that have a record of violations and incidents. Because of this, the answer is that OSHA targets industries with fatalities and serious
Answer:
The answer is that OSHA targets industries with fatalities and serious injuries.
Explanation:
REPHRASE THE BELOW PARAGRAPH IN SIMPLE WORDS :
Bullying is the most common type of relational and interpersonal brutality teenagers in school and school-based or related activities.
plz fast
if you see someone bully someone then you should say something or get a teacher
high quality papers never include creative elements or focus on well written content
T/F
Answer:
False
Explanation:
Good papers need creative elements and well written content or they would be all strange and poorly executed.
Why is it important to use information from multiple sources in an essay? A. It proves that there are no existing counterclaims to your argument. B. It allows the reader to scan your essay more quickly. C. It shows the reader that you've researched multiple points of view to support your claim. D. It shows the reader that you've put more work into your writing than they have.
Answer:
Answer: C. It shows the reader that you've researched multiple points of view to support your claim.
Explanation:
When you have several sources of information to support your answer, your response is stronger. It is harder to craft a counterargument against someone with multiple reliable sources rather than one source of dubious origin and reliability.
It is important to use information from multiple sources in an essay It shows the reader that you've researched multiple points of view to support your claim. The correct option is (C).
Information from multiple sources helps in the understanding of the topic. As well you can present your essay in an elaborate way to help the reader understand. The fact-check process as well as inclusive writing is done when we use multiple sources.
It is also good for a writer to use various sources if the writer is not well favorable to the topic. Also, can provide a good understanding to its readers. Well-researched and good-language-oriented essay writing attracts large audiences.
Hence, the correct option is (C).
To learn more about Information, here:
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What does the word boom suggest about these towns? What does it suggest about the effect of migration and western expansion?
How did mining lead to statehood for many states in the West?
Do you think the American West would have been settled as quickly if the United States had remained a farming nation after the Civil War?
What conditions combined in the 1860s to make raising cattle on the Great Plains profitable?
Can someone answer these right quick?!!
Answer:
I don't know all of it, but I know that for the first part, they "boomed" for a while (we're popular), and became less and less popular, until they were deserted.
Explanation: