If Someone Invents a Better Way to Produce Frozen Pizzas

question 62

Multiple Choice

If someone invents a better way to produce frozen pizzas, then

• A) The market supply curve for frozen pizzas will shift to the right.
• B) The market supply curve for frozen pizzas will shift to the left.
• C) There will be a movement up along the market supply curve for frozen pizzas.
• D) There will be a movement down along the market supply curve for frozen pizzas.

Understand the concept of justice as fairness in participant selection and treatment in research.

Knowledge of historical unethical research practices and their impact on current guidelines.

Recognize the roles and responsibilities of an Institutional Review Board (IRB).

Understand the ethical implications and requirements of deception in research.

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Definitions:

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against specified deposit liabilities, as dictated by the central bank's regulations.

Primary Reserves

Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.

Secondary Reserves

Assets that are easily convertible into cash but are not held in the form of cash itself, serving as a backup for primary reserves in financial institutions.