Related to the Economics in Practice on Page 121: Before

question 254

Multiple Choice

Related to the Economics in Practice on page 121: Before the imposition of an excise tax on beer, name-brand beer sold for $20 per case and generic beer sold for $12 per case. After the imposition of the tax, name-brand beer sold for $28 per case and generic beer sold for $20 per case. The slope of the budget line for a consumer choosing between name-brand and generic beer after the tax was imposed was

• A) 0.6.
• B) 0.71.
• C) 1.4.
• D) 1.67.

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Definitions:

Core Self-Evaluations

A personality trait which reflects an individual's fundamental assessments about themselves, their abilities, and their control over their environment.

Negative Affectivities

Emotional states or attitudes characterized by negativity, including feelings of distress, dissatisfaction, and pessimism.

Bottom-Line Views

Perspectives typically focused on financial outcomes, emphasizing profits, costs, and overall economic performance.

Role Ambiguity

A condition in which employees are uncertain about their job duties, responsibilities, and expectations.