Sophia Microeconomics Milestone 4

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Saylor Academy *

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101

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Economics

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Nov 24, 2024

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pdf

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23

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1 18/20 ! that's 90% RETAKE " 18 questions were answered . correctly 2 questions were answered incorrectly . Joe owns an electrical company that specializes in work on custom homes. Which of the following economic indicators would be most helpful in Joe's line of business for helping him to decide whether or not to add a permanent employee to payroll? ï " " # The Conference Board Consumer ConÞdence Index ï The S & P 500 UNIT 4 Ñ MILESTONE 4 SCORE 18/20
CONCEPT ³ Key Leading Indicators 2 Report an issue with this question If William quit his o ce job and is now û looking for a position teaching English overseas, what type of unemployment would he be experiencing? $ ï $ $ ï Building permits ï The unemployment rate ï Cyclical ï Seasonal ï Structural # Frictional
CONCEPT ³ Assessing Costs of Unemployment-- Labor Economics 3 CONCEPT ³ Public Goods, Private Goods, and the ÒTragedy of the CommonsÓ Report an issue with this question The "tragedy of the commons" occurs with goods that are __________. Report an issue with this question ï $ $ ï non-rival and excludable ï rival and excludable # rival and non- excludable ï non-rival and non- excludable
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4 CONCEPT ³ Coincident Indicators 5 Choose the example below that is a coincidence indicator. Report an issue with this question What is contingent valuation as it relates to alternative methods for estimating the value of environmental regulations? ï $ $ ï $ ï Weekly jobless claims ï La er Curve û ï Unemployment rate # Consumer conÞdence index
$ ï Linking the amount of pollution to healthcare costs to estimate the cost of regulation ï Comparing how much it costs to clean waste sites to the cost of regulation # Multiplying the amount of people who are willing to pay for trips to natural resources by the number of citizens to construct an estimate on the value of environmental goods
CONCEPT ³ Assessing Costs of Waste and Pollution-- Environmental Economics 6 Report an issue with this question Which of the following statements is NOT true regarding process mapping? ï $ $ ï Using the change in property values in response to a change in pollution to provide an estimate of the cost of pollution ï It is used to document processes. # It is an established procedure, developed in the 1930s.
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Discover more from: ECON-1002 Document continues below Microeconomics Sophia University of the People 28 documents Go to course Sophia Microeconomics Final Milestone Microeconomics Sophia 88% (16) 29 Sophia Microeconomics Unit 3 Challenge 2 Microeconomics Sophia 88% (8) 4 Sophia Microeconomics Unit 1 Milestone Microeconomics Sophia 100% (1) 26 Sophia Welcome - Quiz answer Microeconomics Sophia None 29 Challenge 1 Notes Microeconomics Sophia None 23 Practice milestone 2Welcome Microeconomics Sophia None 18
CONCEPT ³ Process Mapping--E û ciency 7 Report an issue with this question ï $ ï Symbols are used to guide the process map. ï It is a pictorial representation of a process.
Given the information above, which of the following is true? ï Producers will bear a greater tax incidence because supply is inelastic. ï Producers will bear a greater tax incidence because supply is elastic.
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CONCEPT ³ Taxation and Subsidy 8 Report an issue with this question A good that a producer can prevent a consumer from using by charging a price is __________. $ ï $ $ ï Consumers will bear a greater tax incidence because demand is elastic. # Consumers will bear a greater tax incidence because demand is inelastic. # a private good that is excludable ï a private good that is non-rivalrous
CONCEPT ³ Public Goods, Private Goods, and the ÒTragedy of the CommonsÓ 9 Report an issue with this question In a pure market economy, public goods ___________. ï $ ï a public good that is excludable ï a public good that is non-rivalrous ï are sold at a higher price than private goods ï are over-provided, because the government is not involved in the economy
CONCEPT ³ Comparative Economic Systems 10 Report an issue with this question All of the following are reasons why companies are slow to adopt sustainable practices that are better for the environment EXCEPT__________. $ ï $ $ # tend to be under- provided ï are provided by the government # the universal adoption of the Kyoto Protocol ï CEO compensation is tied to stock performance
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