Related to the Economics in Practice on P

question 169

Multiple Choice

Related to the Economics in Practice on p. 5: The opportunity cost to Apple of having the hard drive produced in Japan by Toshiba is

• A) the wages paid to Japanese workers.
• B) the components of the hard drive which are not produced by Toshiba.
• C) having the hard drive produced by the next best available company.
• D) the value-added captured by Apple in the United States.

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Definitions:

Zero-Order Reaction

a chemical reaction in which the rate is independent of the concentration of the reactant(s).

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, used medically as a local anesthetic and often abused for its euphoric effects.

First Order

In kinetics, refers to a reaction where the rate is proportional to the concentration of one reactant.

Reaction Order

A term used in chemistry to describe the power to which the concentration of a reactant is raised in the rate equation.