Suppose when the price of coffee beans goes from $1 to $1.20 per pound, production increases from 90 million pounds of coffee beans to 110 million pounds per year. Using the mid-point method, the percentage change in quantity supplied is:
A. 18 percent
B. 6.0
C. 0.6
D. 20 percent
Answer: D
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The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. performing random acts of kindness to employees b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. identifying the relevant measures on which to evaluate employees
How would we expect the economic growth rates in future years of country A and country B to compare?
A. Country A will have a higher growth rate.
B. Country B will have a higher growth rate.
C. Both countries will grow at about the same rate.
D. There is not enough information to determine the relative growth rates of countries A and B.
A command-and-control policy is one in which:
A. the government commands each firm to produce no more than a certain level of pollution. B. the government controls the firm's advertising policy. C. the government forces the firm to use particular pollution-control technologies. D. Both the government commands each firm to produce no more than a certain level of pollution and the government forces the firm to use particular pollution-control technologies are correct answers.
What is GATT and what happened to tariff rates as a result of GATT?
What will be an ideal response?