If the Penalty on Sellers of an Illegal Good Is

question 55

Multiple Choice

If the penalty on sellers of an illegal good is less than the penalty on buyers of an illegal good,then supply of the good will ________ by ________ demand and the price of the good will ________.

• A)decrease;more than;rise
• B)decrease;less than;rise
• C)decrease;less than;fall
• D)decrease;more than;fall
• E)increase;less than;rise

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Definitions:

Social Noise

Distractions or miscommunications in social environments that hinder the clarity of the intended message.

Social Pressure

involves the influence exerted by a social group on individuals to change their behaviors, beliefs, or attitudes.

Actual Pressure

The real or genuine force, influence, or stress exerted on someone or something.

Organizational Culture

Refers to the set of shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.