Mindblown: a blog about philosophy.

A supply curve can be used to measure producer surplus because it reflects: A. the actions of sellers. B. quantity supplied. C. sellers’ costs. D. the amount that will be purchased by consumers in the market. Answer: C. sellers’ costs. A supply curve is a graphical representation of how the quantity supplied of a good…

Each of the following is a function of the liver EXCEPT: a. storage of glycogen and iron reserves. b. antibody production. c. inactivation of toxins and medications. d. synthesis of plasma proteins such as album. e. production and secretion of bile. Answer: b. antibody production. It is important to note that while the liver has…

Question:- What is the difference between population density and population distribution? Answer: This paper aims to distinguish between population density and population distribution and their relevance in demographic analysis. Population density is described as the number of people living within any given area, usually reported in terms of persons per unit area, for example, persons…

Prepaid expenses are eventually expected to a. become revenues when services are performed. b. become expenses in the period when they are paid. c. become revenues when the liability is no longer owed. d. become expenses when their future economic value expires. Answer: d. become expenses when their future economic value expires. Prepaid expenses are…

Which of the following does not occur during mitosis? 1. Condensation of the chromosomes 2. Replication of the DNA 3. Separation of sister chromatids 4. Spindle formation 5. Separation of the spindle poles Answer: 2. Replication of the DNA Mitosis is a process of cell division where one cell, known as the parent cell, divides…

Which of the following accounts has a normal debit balance? A. Revenue. B. Notes Payable. C. Cash. D. Accounts Payable. Answer: C. Cash. Cash is one of the asset accounts that has a normal debit balance in the double entry accounting system. This means that when cash is received, the Cash account is debited (increased),…

Question:- What can be known about Mendel’s five-part hypothesis? Answer Mendel’s five-part hypothesis, which formed the basis of his laws of inheritance, can be summarized as follows: Different versions of traits are present in organisms and they are transmitted in pieces called “factors” which are now referred to as genes. Therefore, for each trait, an…

Which energy transformation occurs in the core of a nuclear reactor? Answer: At the heart of a nuclear reactor, the energy conversion process that takes place is the conversion of nuclear binding energy into thermal energy through the process of nuclear fission. Nuclear fission is the process of breaking heavy atomic nuclei you can say…

Which economic indicators are used to measure the global economy? Check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses Answer: The correct options are a, b, d, e and f. These global economic indicators are widely…

Profit equals the total amount of money made minus: a. Prices b. Expenses c. Revenue d. Supply Answer: b. Expenses The measure of the sum of money which results from selling goods or performing a service is the difference between revenue and cost, commonly referred to as profit. This indicates the total revenue that a…