According to Davis, Many Professors Are Reluctant to Get Involved

question 15

Multiple Choice

According to Davis, many professors are reluctant to get involved when sexual harassment is reported because of

• A) loyalty to colleagues.
• B) a desire to stay out of academic politics.
• C) fear of punishment.
• D) All of the above

Analyze the effects of government policies such as subsidies, production quotas, and specific taxes on market outcomes.

Explain the impact of elasticity on tax incidence and market outcomes.

Calculate and interpret equilibrium price and quantity in free markets and under government intervention.

Evaluate the welfare implications of trade restrictions and government interventions in the market.

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Definitions:

Hoovervilles

Shanty towns built by homeless people during the Great Depression in the United States, named after President Herbert Hoover, who was blamed for the economic plight that led to their conditions.

Homeless

Individuals or families lacking stable and permanent housing.

Reciprocal Trade Agreements Act

A 1934 U.S. law that allowed the president to negotiate tariff reductions with other countries to promote international trade.

American Tariffs

Taxes imposed by the United States on imported goods to protect domestic industries and generate revenue.