Questions

Q:

Which of the following is an example of market failure?

A) Prices do not reflect the full social cost of production B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy D) Producer surplus is maximized
 
Answer & Explanation Answer: A) Prices do not reflect the full social cost of production

Explanation:

Prices do not reflect the full social cost of production is an example of Market failure.

 

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

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Filed Under: Marketing and Sales
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Q:

Production costs to an economist

A) reflect opportunity costs B) consist only of explicit costs
C) always reflect monetary outlays D) never reflect monetary outlays
 
Answer & Explanation Answer: A) reflect opportunity costs

Explanation:

Production costs to an economist reflect opportunity costs.

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Q:

Which of the following atoms has the largest radius?

A) Br B) K
C) Na D) Cl
 
Answer & Explanation Answer: B) K

Explanation:

For neutral atoms, the periodic trends in atomic size can be described like this

Atomic size decreases when going from left to right across a period,
Atomic size increases when going from top to bottom down a group.

 

Let's use these trends to try and figure out which atom would have the largest radius.

If you look at elements that are located in the same group, potassium will have a larger atomic radius when compared with sodium. Likewise, bromine will have a larger atomic radius when compared with chlorine.

Now focus on potassium and bromine. Since potassium is located at the start of period 3, and bromine at the end of the same period, potassium will have a larger atomic radius than bromine, and thus the largest atomic radius of the four given atoms.

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Filed Under: Chemistry
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Q:

Major fructose sources include

A) breads and cereals B) beer and liquor
C) milk and cheese D) fruits and honey
 
Answer & Explanation Answer: D) fruits and honey

Explanation:
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Q:

Which planet do most known extrasolar planets most resemble?

A) Jupiter B) Neptune
C) Earth D) Venus
 
Answer & Explanation Answer: A) Jupiter

Explanation:

Most of the known extrasolar planets resembles the planet Jupiter in the solar system.

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Q:

Which of the following agencies related to the United nations was in existence before the Second world war

A) Food and Agriculture Organisations B) International Labour Organisaions
C) World health organisations D) International Monitory found
 
Answer & Explanation Answer: B) International Labour Organisaions

Explanation:
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Filed Under: World Organisations

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Q:

What travels around the world but stays in one corner?

A) slippers B) walking stick
C) broom stick D) stamp
 
Answer & Explanation Answer: D) stamp

Explanation:

A postage stamp on the letters, parcels, ... for post will be on the corner of the post but it travels around the world to any address we want send that.

what_travels_around_the_world_but_stays_in_one_corner1536045648.jpg image

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Q:

The preamble to the constitution does not specify providing for

A) economic equity B) domestic tranquility
C) common defense D) justice
 
Answer & Explanation Answer: A) economic equity

Explanation:

The preamble to the constitution does not specify providing for economic equity.

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