What is the effect of a debit on a person's checking account?
- A. The account's balance increases.
- B. The account's balance decreases.
- C. The account's interest rate increases.
- D. The account's interest rate decreases.
Correct Answer & Rationale
Correct Answer: B
A debit reduces the available funds in a checking account, leading to a decrease in the account's balance. Therefore, option B accurately reflects this effect. Option A is incorrect since a debit cannot increase the balance; it signifies money being spent or withdrawn. Options C and D relate to interest rates, which are unaffected by debit transactions in a checking account. Interest rates typically depend on the account type and bank policies, not on individual transactions like debits. Hence, they do not apply to the effect of a debit on the account balance.
A debit reduces the available funds in a checking account, leading to a decrease in the account's balance. Therefore, option B accurately reflects this effect. Option A is incorrect since a debit cannot increase the balance; it signifies money being spent or withdrawn. Options C and D relate to interest rates, which are unaffected by debit transactions in a checking account. Interest rates typically depend on the account type and bank policies, not on individual transactions like debits. Hence, they do not apply to the effect of a debit on the account balance.
Other Related Questions
In Toland, what is the opportunity cost of one unit of timber?
- A. ½ unit of fish
- B. 5 units of fish
- C. ½ unit of timber
- D. 16 units of timber
Correct Answer & Rationale
Correct Answer: A
In Toland, the opportunity cost of one unit of timber is measured in terms of the fish that could have been produced instead. Option A, ½ unit of fish, accurately reflects this trade-off, indicating that producing one additional unit of timber sacrifices half a unit of fish. Option B, 5 units of fish, overestimates the opportunity cost, suggesting an unrealistic trade-off that does not align with the production possibilities. Option C, ½ unit of timber, incorrectly implies that timber production is sacrificed for itself, which is illogical. Lastly, Option D, 16 units of timber, misrepresents the concept of opportunity cost, as it suggests sacrificing timber for more timber, which is not feasible.
In Toland, the opportunity cost of one unit of timber is measured in terms of the fish that could have been produced instead. Option A, ½ unit of fish, accurately reflects this trade-off, indicating that producing one additional unit of timber sacrifices half a unit of fish. Option B, 5 units of fish, overestimates the opportunity cost, suggesting an unrealistic trade-off that does not align with the production possibilities. Option C, ½ unit of timber, incorrectly implies that timber production is sacrificed for itself, which is illogical. Lastly, Option D, 16 units of timber, misrepresents the concept of opportunity cost, as it suggests sacrificing timber for more timber, which is not feasible.
Which amendment has been interpreted to mean that a police officer must get permission from the courts before entering the home of a suspected criminal?
- A. Amendment 1
- B. Amendment 4
- C. Amendment 5
- D. Amendment 6
Correct Answer & Rationale
Correct Answer: B
The Fourth Amendment protects citizens from unreasonable searches and seizures, requiring law enforcement to obtain a warrant based on probable cause before entering a home. This ensures privacy and security within one’s dwelling. Option A, the First Amendment, focuses on freedoms of speech, religion, and assembly, not search and seizure. Option C, the Fifth Amendment, addresses rights related to self-incrimination and due process, while Option D, the Sixth Amendment, guarantees the right to a fair trial and legal counsel. None of these amendments pertain to the requirement for police to obtain permission to enter a home.
The Fourth Amendment protects citizens from unreasonable searches and seizures, requiring law enforcement to obtain a warrant based on probable cause before entering a home. This ensures privacy and security within one’s dwelling. Option A, the First Amendment, focuses on freedoms of speech, religion, and assembly, not search and seizure. Option C, the Fifth Amendment, addresses rights related to self-incrimination and due process, while Option D, the Sixth Amendment, guarantees the right to a fair trial and legal counsel. None of these amendments pertain to the requirement for police to obtain permission to enter a home.
What is this labor market's equilibrium labor quantity?
- A. 2,000 hours per month
- B. 3,000 hours per month
- C. 4,000 hours per month
- D. 5,000 hours per month
Correct Answer & Rationale
Correct Answer: C
In this labor market, the equilibrium labor quantity occurs where the supply of labor equals the demand for labor. Option C, 4,000 hours per month, represents this balance, indicating that employers are willing to hire this amount at the prevailing wage. Option A (2,000 hours) suggests underemployment, where labor supply exceeds demand, leading to inefficiencies. Option B (3,000 hours) may indicate a slight imbalance, as demand has not fully met supply. Option D (5,000 hours) reflects an oversupply of labor, resulting in unemployment, as demand cannot accommodate this quantity. Thus, 4,000 hours is the optimal equilibrium point.
In this labor market, the equilibrium labor quantity occurs where the supply of labor equals the demand for labor. Option C, 4,000 hours per month, represents this balance, indicating that employers are willing to hire this amount at the prevailing wage. Option A (2,000 hours) suggests underemployment, where labor supply exceeds demand, leading to inefficiencies. Option B (3,000 hours) may indicate a slight imbalance, as demand has not fully met supply. Option D (5,000 hours) reflects an oversupply of labor, resulting in unemployment, as demand cannot accommodate this quantity. Thus, 4,000 hours is the optimal equilibrium point.
Based on the obituary, for what was Taylor best known?
- A. Being president of the American Society of Mechanical Engineers
- B. Winning a U.S. tennis championship
- C. Inventing a way to treat high-speed tools
- D. Developing theories on scientific management
Correct Answer & Rationale
Correct Answer: D
Taylor was best known for developing theories on scientific management, which revolutionized industrial efficiency and productivity. His principles laid the groundwork for modern management practices, making him a pivotal figure in the field. Option A is incorrect; while Taylor may have had connections to engineering societies, he is not primarily recognized for his presidency in any organization. Option B is not applicable, as there is no evidence linking him to tennis achievements. Option C, although related to engineering, does not capture the essence of Taylor's legacy, which centers on management theory rather than specific inventions.
Taylor was best known for developing theories on scientific management, which revolutionized industrial efficiency and productivity. His principles laid the groundwork for modern management practices, making him a pivotal figure in the field. Option A is incorrect; while Taylor may have had connections to engineering societies, he is not primarily recognized for his presidency in any organization. Option B is not applicable, as there is no evidence linking him to tennis achievements. Option C, although related to engineering, does not capture the essence of Taylor's legacy, which centers on management theory rather than specific inventions.