Ethnic and Religious Conflict

Question 1

Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium?

Revolt · Accepted Answer

70

Question 2

A store’s supply/demand graph for ceiling fans is shown above. If the price is at the equilibrium point, how much money will the store make selling ceiling fans?

Revolt · Accepted Answer

$1,800

Question 3

Suppose that Ireland has placed a tariff of 12% on its exports and a tariff of 21% on its imports. If Ireland has tariff revenue worth (equivalent US dollars) $9,148,200 and a balance of trade of $7,100,000, what are its exports and imports worth?

Revolt · Accepted Answer

$25,140,000 in imports, $32,240,000 in exports

Question 4

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?

Revolt · Accepted Answer

14%

Question 5

Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental.I. Better Business BureauII. Consumer Product Safety CommissionIII. Consumers UnionIV. Food and Drug Administration

Revolt · Accepted Answer

II and IV are governmental; I and III are not.

Question 6

The following chart shows a store’s coat sales for two years. Identify the percent increase in total sales and the percent increase in sales of jackets. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)

Revolt · Accepted Answer

Sales of jackets increased 18.8 percentage points faster than total coat sales.

Question 7

The following table details the working populations, income tax rates, and average salary (in equivalent US dollars) for Peru and Chile.CountryWorkforceAverage Salary ($)Income Tax RatePeru10,618,7048,71424.1%Chile7,210,59514,62231.4%Based on the information in the table, how do the annual tax revenues of Peru and Chile compare to one another?

Revolt · Accepted Answer

Chile collects $10,805,998,234 more than Peru.

Question 8

The figure above shows a store’s supply-demand graph for lawn chairs. If the store makes $800 by selling lawn chairs, which of the following is a possible valid price for them?

Revolt · Accepted Answer

$20

Question 9

Which of the following functions is most closely connected with the CPSC?

Revolt · Accepted Answer

ensuring product safety and setting safety standards

Question 10

Which statement(s) most directly apply to communism?I. There is little or no private ownership.II. Businesses are operated for the benefit of the people as a whole.III. Individuals who take risks can gain great profits.

Revolt · Accepted Answer

I and II

Ethnic and Religious Conflict Answers

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