A) Osmosis is a form of passive transport. Which defines osmosis? (1 point)

the movement of water across a semipermeable membrane up a concentration gradient from low to high, using no energy
the movement of water across a semipermeable membrane up a concentration gradient from low to high, using energy
the movement of water across a semipermeable membrane down a concentration gradient from high to low, using no energy
the movement of water across a semipermeable membrane down a concentration gradient from high to low, using energy

the movement of water across a semipermeable membrane down a concentration gradient from high to low, using no energy

According to the law of demand, what role do low prices serve for buyers?

(1 point)

substitute
substitute

supply
supply

reward
reward

penalty
penalty

A) Endocytosis and exocytosis are forms of active transport. What is active transport? (1 point)

the movement of molecules down a concentration gradient from high to low, using no energy
the movement of molecules down a concentration gradient from high to low, using energy
the movement of molecules up a concentration gradient from low to high, using no energy
the movement of molecules up a concentration gradient from low to high, using energy

the movement of molecules up a concentration gradient from low to high, using energy

According to the law of demand, low prices serve as a reward for buyers.

How does scarcity affect customers?

(1 point)

Limited money and resources forces consumers to make choices.
Limited money and resources forces consumers to make choices.

Limited time prevents customers from making decisions.
Limited time prevents customers from making decisions.

It encourages strong economic growth
It encourages strong economic growth

Limited wants and needs limit customers to small purchases.

Limited money and resources forces consumers to make choices.

) What does it mean for an environment to be isotonic? (1 point)

The concentration of solute is greater in the environment than inside the cell.
The concentration of solute in the environment is different from the concentration inside the cell.
The concentration of solute in the environment and the concentration inside the cell are at equilibrium.
The concentration of solute is greater inside the cell than in the environment.

The concentration of solute in the environment and the concentration inside the cell are at equilibrium.

Which of the following goods or services is an import to the United States?(1 point)

an automobile that is manufactored in the USA
an automobile that is manufactored in the USA

apples grown on a farm in Vermont
apples grown on a farm in Vermont

oil bought by the United States from the Middle East
oil bought by the United States from the Middle East

software created in California and used in Chicago

oil bought by the United States from the Middle East

8. Which of the following is a characteristic of a Command Economy?

(1 point)

citizens can open a business and set prices
citizens can open a business and set prices

imited government control
imited government control

surplus of resources
surplus of resources

government control
government control

government control

9. Which of these is an example of a monetary incentive?

(1 point)

having fun walking a dog
having fun walking a dog

making friends on a sports team
making friends on a sports team

earning an allowance for doing chores
earning an allowance for doing chores

learning a new skill by studying it

earning an allowance for doing chores

A) Cells dispose of large waste molecules through a process called (1 point)

osmosis.
diffusion.
endocytosis.
exocytosis.

exocytosis.

Which situation is more likely to occur in a Market Economy than a Command Economy?(1 point)

a citizen designs a new game and opens a store to sell it
a citizen designs a new game and opens a store to sell it

people line up for scarce products.
people line up for scarce products.

the government controls all aspects of business
the government controls all aspects of business

government sets prices on good sold
government sets prices on good sold

a citizen designs a new game and opens a store to sell it

A) A cell is dropped into a saltwater solution and shrivels up. You infer that, compared to the cell, the type of saltwater solution is (1 point)

tonic.
hypotonic.
hypertonic.
isotonic.

hypertonic.

Trade barriers are designed to protect producers in the country from being put out of business by foreign producers with lower prices & to prevent trade deficits from happening.

(1 point)

True
True

False

False

12. When are equilibrium prices achieved?

(1 point)

when prices go as high as possible
when prices go as high as possible

when demand is greater than supply
when demand is greater than supply

when supply equals demand
when supply equals demand

when supply is greater than demand
when supply is greater than demand

when supply equals demand

A​​​​​​ ​​​​​​​____________ means that a business made too much and may waste money on resources making products that will not get used or be thrown out.

A surplus means that a business made too much and may waste money on resources making products that will not get used or be thrown out.

What does a relative price compare?(1 point)

The price of one good or service compared to another similiar one
The price of one good or service compared to another similiar one

The price that buyers pay compared to the price that sellers ask
The price that buyers pay compared to the price that sellers ask

The price after sale discounts are applied
The price after sale discounts are applied

The price that a seller wants to pay to the price that the seller actually pays

The price of one good or service compared to another similar one.

16. A popular cell phone manufacturer begins selling a new phone with many unique features and is improved. Lots of people want to buy the new phone. The old phone cost $149.00.

What is the most likely price of the new phone?

(1 point)

$139
$139

$89
$89

$79
$79

$199

The most likely price of the new phone would be $199.

17. A ______________ is an equivalent or comparable good or service, which can drop demand for the original good or service, lowering prices over time.(1 point)

market
market

substitute
substitute

price point
price point

sale

substitute

18. The law of __________ describes the relationship between prices and demand.

(1 point)

relative price
relative price

equilibrium
equilibrium

substitutions
substitutions

demand

The law of demand describes the relationship between prices and demand.

19. If many buyers want a good or service that is in low supply, the price will most likely ____________.

(1 point)

increase
increase

stay the same
stay the same

decrease

increase

Price competition in the market, including price wars between competitors, typically benefits the _______________.​​​​​​​

(1 point)

producer
producer

competition
competition

consumer (buyer)
consumer (buyer)

government

consumer (buyer)