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TI

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Refer to Figure 8-10. Suppose the government places a $3 tax per unit on this good. How much is the deadweight loss from this tax?

On Jul 25, 2024


The deadweight loss from this tax is 0.5 x (80-60) x (6-3) = $30. Another way to calculate deadweight loss is to subtract the total surplus after the tax from the total surplus before the tax, which equals $480 - $450.
TI

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The effect of an increase in productive inputs such as labor and capital can be shown by a(n) :

A) point inside of the production possibility frontier.
B) outward shift of the production possibility frontier.
C) movement from one point to another along the production possibility frontier.
D) inward shift of the production possibility frontier.

On Jul 22, 2024


B
TI

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Communication is essential for organizational learning and decision making.

On Jun 23, 2024


True
TI

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One reason that companies issue stock options is to attempt to align employees' interests with the interests of the owners.

On Jun 20, 2024


True
TI

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Which of the following is true of the Age Discrimination in Employment Act (ADEA) ?

A) It allows employees to lie about their age to their employers.
B) It does not outlaw discrimination in hiring and promotion.
C) It requires employers to provide specialized accommodations for aged employees.
D) It allows statements in job notices or advertisements of age preference and limitations.
E) It restricts mandatory retirement ages in most employment sectors.

On May 24, 2024


E
TI

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At the time of acquisition of a debt investment

A) no journal entry is required.
B) the historical cost principle applies.
C) the Stock Investments account is debited when bonds are purchased.
D) the Investment account is credited for its cost plus brokerage fees.

On May 21, 2024


B