If a Price Ceiling on Gasoline Results in Long Lines

question 150

Multiple Choice

If a price ceiling on gasoline results in long lines at the gas station and a rich businessman and an elderly retiree both need gasoline, who would have the higher-valued use for gasoline, and who would have the lower opportunity cost of waiting in line?

• A) The businessman would have the higher-valued use and the lower opportunity cost.
• B) The businessman would have the higher-valued use and the retiree would have the lower opportunity cost.
• C) The retiree would have the higher-valued use and the lower opportunity cost.
• D) The retiree would have the higher-valued use and the businessman would have the lower opportunity cost.

Analyze the impact of job characteristics and organizational role on job satisfaction.

Appreciate the importance of organizational support in retaining key employees.

Understand the role of justice and fairness in organizational discipline and employee satisfaction.

Understand the legal framework surrounding employment termination to prevent wrongful discharge.

---

Definitions:

Animal Hair

The filamentous biomaterial that grows from the skin of animals, primarily used for protection, sensory purposes, and heat regulation.

Alpha Helices

A common structural motif in proteins, characterized by a right-handed helix with amino acid residues arranged in a coiled manner.

Pleated Sheets

Pleated sheets are a form of secondary structure found in proteins, characterized by folding of the peptide chain into a series of pleats, primarily stabilized by hydrogen bonds.

Induced Dipole Bonding

A type of weak intermolecular force that arises when the presence of a polar molecule induces a dipole in a nonpolar molecule.