Sophia Microeconomics Unit 4 milestone 4.docx - 1 Which of...

1
Which of the following statements is NOT true regarding process
mapping?

It is an established procedure, developed in the 1930s.

It is a pictorial representation of a process.

It is used to document processes.

Symbols are used to guide the process map.
CONCEPT
Process Mapping--Efficiency
2
Where the supply curve is more inelastic than the demand curve,
who bears more of the burden of a tax?

Producers

There is not enough information to answer this question

Both consumers and producers share the burden equally

Consumers
CONCEPT
Taxation and Subsidy
3
CEO "say on pay" was a result of __________.

CEOs deciding what type of stock options to issue their executive
employees


CEO involvement in selection of mutual funds in which to place their
companies

closer investor scrutiny of CEO pay

greater CEO involvement in "green initiatives"
CONCEPT
Sustainable Returns--Investor Impact
4
Which indicators show change at the same time as the economy and
thus give a sense of where the economy is in relation to the
business cycle?

Leading indicators

Lagging indicators

Coincident indicators

All of the given answer choices are correct
CONCEPT
Coincident Indicators
5
Which one of the following is NOT an example of a practice that
contributes to anthropomorphic climate change?

Deforestation and use of pesticides

Overuse and grazing of lands

Change in migration patterns

Emissions of greenhouse gases

CONCEPT
Assessing Costs of Anthropomorphic Climate Change--Regulatory Intervention
6
If William quit his office job and is now looking for a position
teaching English overseas, what type of unemployment would he be
experiencing?