Consider Figure 6.3. Of the quota-induced change in Iraqi consumer surplus, $______________ is NOT transferred to other sectors of Iraq's economy and represents deadweight loss.

a. $5,000
b. $10,000
c. $15,000
d. $20,000


d. $20,000

Business

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When using the spreadsheet (work sheet) method to analyzing noncash accounts, no order of analysis is required,but it is more efficient to start with Retained Earnings and proceed upward in the account listing

a. True b. False Indicate whether the statement is true or false

Business

In the government-wide statements, Internal Service Funds are a(n) ________ activity, whereas Enterprise Funds are typically a(n) ________ activity.

A. unrestricted; restricted. B. restricted; unrestricted. C. business-type; governmental. D. governmental; business-type.

Business

Which of the following would a consequentialist find to be true?

A. end results of lying are unimportant B. the act of lying, itself, is important C. act of lying is justified if it is well-concealed D. harm done by lying is unethical E. harm done by lying has no relevance in determining whether it is ethical

Business

A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is termed ________.

A. discursive dilemma B. status paradox C. ethical dilemma D. absence paradox

Business