Virtual meetings offer more visual contact than traditional,face-to-face meetings.

Wealth or net worth is equal to

A) assets plus liabilities.
B) assets minus liabilities.
C) consumption plus changes in net worth.
D) income minus savings.

Depreciation of the dollar will

A) decrease the prices of both U.S. imports and exports.
B) increase the prices of both U.S. imports and exports.
C) decrease the prices of U.S. imports but increase the prices to foreigners of U.S. exports.
D) increase the prices of U.S. imports but decrease the prices to foreigners of U.S. exports.

Positive psychologists believe that we all have strengths that can overcome barriers to healthy self-development.

The deadweight loss associated with a tax on a commodity is generated by

A) the consumers who still choose to consume the commodity but pay a higher price that reflects the tax.
B) the consumers who choose to not consume the commodity that is taxed.
C) all citizens who are able to use services provided by government.
D) the consumers who are unable to avoid paying the tax.

Joe's Organic Cereal Company produces granola breakfast cereal under a fixed proportion production system in which 22 ounces of cereal are packaged in each cardboard box. However, the plant production manager decides to reduce the amount of cereal per box to 20.5 ounces at the start of the next year. For the isoquant map, cereal is plotted in the vertical axis, and boxes are on the horizontal axis. What happens to the curves in the isoquant map as a result of this change?

A) Shift upward
B) Shift downward
C) Shift rightward
D) Shift leftward