A Man Is Walking North Carrying a Suitcase That Contains

question 30

Multiple Choice

A man is walking north carrying a suitcase that contains a spinning gyroscope mounted on an axle attached to the front and back of the case.The angular velocity of the gyroscope points north.The man now begins to turn to walk east.As a result,the front end of the suitcase

• A)resists his attempt to turn and tries to remain pointed north.
• B)fights his attempt to turn and pulls to the west.
• C)rises upward.
• D)dips downward.
• E)does nothing whatever unusual.

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Definitions:

Profit Sharing

A company policy wherein employees receive a share of the profits of the business, which serves as a motivation and reward for their performance.

Cartel Output

The total production level agreed upon by members of a cartel, aimed at maximizing their collective profits by controlling supply.

Demand Schedule

A table or graph displaying the quantity of a good or service that consumers are willing and able to purchase at various price points within a given time frame.

Collude

To agree secretly among competitors to fix prices, bids, or terms of sale in order to manipulate a market.