A Child Swings to and Fro on a Playground Swing

question 89

Multiple Choice

A child swings to and fro on a playground swing. If the child stands on the swing rather than sitting on it, the time for a to-and-fro swing is

• A)lengthened.
• B)shortened.
• C)unchanged.

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Definitions:

Deadweight Loss

describes a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is distorted by external factors like taxes or subsidies.

Demand Curve

represents the relationship between the price of a good and the quantity of that good consumers are willing to purchase.

Monopoly Power

Monopoly Power describes the ability of a company or entity to control the price and supply of a product or service, due to the lack of significant competition.

Lump-Sum Payment

A single payment made at a particular time, as opposed to multiple payments over time.