milestone 4 MICROECONOMICS.pdf - Sophia Welcome Score...

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10/23/2020 Sophia :: Welcome UNIT 4 — MILESTONE 4 Score 17/20 You passed this Milestone 17 questions were answered correctly . 3 questions were answered incorrectly . 1 Where the supply curve is more inelastic than the demand curve, who bears more of the burden of a tax? There is not enough information to answer this question Both consumers and producers share the burden equally Consumers Producers
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CONCEPT Taxation and Subsidy 2 A good that a producer can prevent a consumer from using by charging a price is __________.
10/23/2020 Sophia :: Welcome a private good that is excludable a private good that is non-rivalrous CONCEPT Public Goods, Private Goods, and the “Tragedy of the Commons” 3 A public good is considered which of the following?
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CONCEPT Public Goods, Private Goods, and the “Tragedy of the Commons” 4 Which of the following describes the visual representation of the steps that form a process?
10/23/2020 Sophia :: Welcome 3/10 Process Mapping--Efficiency

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