A Flask Containing Photosynthetic Green Algae and a Control Flask

question 24

Multiple Choice

A flask containing photosynthetic green algae and a control flask containing water with no algae are both placed under a bank of lights, which are set to cycle between 12 hours of light and 12 hours of dark. The dissolved oxygen concentrations in both flasks are monitored. Predict what the relative dissolved oxygen concentrations will be in the flask with algae compared to the control flask. The dissolved oxygen in the flask with algae will ________.

• A) always be higher
• B) always be lower
• C) be higher in the light but the same in the dark
• D) be higher in the light but lower in the dark
• E) not be different from the control flask at any time

Identify the nuances of material alteration to an offer under the CISG.

Recognize who is considered a merchant under Article 2 of the UCC.

Understand the definition and importance of good faith in commercial transactions.

Distinguish between the enforceability of contracts with unconscionable clauses and other contract formation principles under the UCC.

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Definitions:

Goods And Services

The physical items (goods) and activities or benefits (services) that fulfill consumer needs and wants.

Progressive Tax

At the individual level, a tax whose average tax rate increases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) rises with GDP.

Average Tax Rate

Total tax paid divided by total taxable income or some other base (such as total income) against which to compare the amount of tax paid. Expressed as a percentage.

Highly Progressive

A tax system in which tax rates increase significantly as income or wealth rises.