A large city passed a new tax on sugary beverages. A few months after the tax goes into effect, the mayor wants to use social media to learn about how residents feel about the tax. The mayor creates a poll on Twitter and invites residents to share how they feel about the new tax. About 70% of responses oppose the new tax. Which of these is the best explanation for why this result is probably biased?
Choose 1
A. Nonresidents might participate in the poll, so 70% is likely an underestimate.
B. Nonresidents might participate in the poll, so 70% is likely an overestimate.
C. Opponents of the new tax are more likely to respond than anyone else, so 70% is likely an underestimate.
D. Opponents of the new tax are more likely to respond than anyone else, so 70% is likely an overestimate.

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively