Assume the U.S. has a competitive advantage in producing calculators, while the rest of the world has a competitive advantage in steel. Suppose the U.S. and the rest of the world enter into an agreement to lower import quotas below existing levels on calculators and steel. Which of the following would least likely occur for the U.S.? Rising levels of

a. consumer surplus for American buyers of steel.
b. producer surplus for American steelmakers.
c. production in the American calculator industry.
d. producer surplus for American calculator producers.


b. producer surplus for American steelmakers.

Business

You might also like to view...

Hadley, a human resource manager at Ion Consulting, believes that it is important for employees to feel a sense of satisfaction about their jobs, because a satisfied employee will contribute more to the organization than an employee who is dissatisfied with his or her job. Which action by Hadley's department would best contribute to employee satisfaction?

A. setting easy-to-reach goals B. rewarding employees for meeting goals C. giving out trophies instead of extra pay for accomplishments D. paying all employees the same salary, regardless of performance E. simplifying jobs to the most routine activities

Business

How can a project manager support and encourage functional conflict?

A. By imposing a solution to the conflict after listening to each party B. By negotiating a resolution by reasoning and persuasion C. Conflict should not be encouraged or supported D. By asking tough questions and by challenging the rationale behind recommendations E. As soon as emotions flare, he or she can intervene and attempt to control conflict because it has become dysfunctional

Business

In direct approaches to gathering perception data, respondents are asked to make similarity judgments on pairs of various brands or stimuli

Indicate whether the statement is true or false

Business

Teams require support, which can be

A) Managerial. B) Financial. C) Attitudinal. D) All of the above.

Business