Question 14 Heron Inc. is recruiting for a vacant position as an analyst, which has long hours. Because of this, they decide to only hire men and women who are unmarried or without children. What kind of bias do we see here? A Prejudice B Implicit Bias Statistical Discrimination Question 15 . This question has multiple answers This question has multiple answers: The Government of Bangladesh has decided to give 1 bag of rice per child to families who send their children to school. This policy was to increase education and literacy rates, for which the government allocated $10 Million. This $10 Million would be used to pay salaries to the employees who distributed the rice. As a result of this policy, a side effect was that families without children would pretend that children from neighbouring families were their own in order to get the bags of rice. Some families would enroll their children in multiple schools in neighbouring villages as well, to get more bags of rice. What type of costs of redistribution are we seeing here ? Select 2 correct answer(s) Fraud B Higher taxes Administrative Costs Question 16 (1 point) Which of the following is not a factor shaping sense of fairness for redistribution? A power and class differences 3 equality of outcomes " equality of racesQuestion 17 Question 17 (1 point) Which of the following market structures gives more market power to the buyers rather than the sellers? A Perfectly competitive market B Monopoly Oligopoly Question 18 "Product differentiation is one way that sellers can gain market power and charge higher prices in a monopolistic market structure. True False Question 19 (1 point) Imperfect competition among buyers gives them the power to bargain. True False Question 20 You run a flower shop. Your fixed costs are $5,000 for the shop. Your variable costs are $2 per bouquet. You expect to sell 10,000 bouquets of flowers this year at a price of $3.5 per bouquet. What is your profit margin per bouquet? A $10,000 B $15,000 C $1.5Question 21 This question has multiple answers: You run a small but profitable accounting business with many local clients. When you opened your business, there were very few competitors in your area, but you've recently learned that several new businesses providing similar services will be entering the market soon. Which of the following statements are true? Select 2 correct answer(s) A In the long run, your firm demand curve will be above your average cost curve. B In the long run, your economic profits will tend to zero. C. More competitors will decrease your profit margin as firm demand falls. Question 24 (3 answers ) You're working on a team-based homework assignment with a partner, Deidre, that consists of an essay and graphing questions. You can write an essay answer in 15 minutes while Deidre takes 20 minutes to write an essay of similar quality, You can answer a graphing question in 30 minutes and it also takes Deidre 30 minutes. a. What are you and your partner's opportunity cost of answering essay questions and of finishing graphing questions? b. Use the opportunity cost principle to determine each of your comparative advantages. c. If you each agree to spend one more hour on the task for which you hold a comparative advantage, and one less hour on the other task, what will happen to your joint output? Answer the above 3 questions A , By C