Figure 8-19 the Vertical Distance Between Points a and B Represents the Represents

question 38

Multiple Choice

Figure 8-19
The vertical distance between points A and B represents the original tax.
-Refer to Figure 8-19.If the government changed the per-unit tax from $5.00 to $7.50,then the price paid by buyers would be $10.50,the price received by sellers would be $3,and the quantity sold in the market would be 0.5 units.Compared to the original tax rate,this higher tax rate would

• A)increase government revenue and increase the deadweight loss from the tax.
• B)increase government revenue and decrease the deadweight loss from the tax.
• C)decrease government revenue and increase the deadweight loss from the tax.
• D)decrease government revenue and decrease the deadweight loss from the tax.

Recognize the societal pressures on organizations due to workforce diversity.

Appreciate the significance of privacy and security in various operational environments, including cruise lines.

Understand the strategic importance of planning and anticipating in competitive strategy.

Acknowledge the digital divide and its implications on Internet access.

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Definitions:

Working Memory

An intelligence system with limited abilities, focused on short-term maintenance of information for processing activities.

Maintenance Rehearsal

A cognitive process that involves repeatedly verbalizing or thinking about a piece of information to keep it in short-term memory.

Depth-of-processing Approach

A theory that suggests the depth at which information is thought about or processed affects how well it is remembered; deeper processing involves meaningful analysis and leads to better recall.

Interference Theory

The theory suggesting that the ability to remember information is affected by other learning, leading to memory interference and forgetting.