Import quotas
a. increase the price to the domestic consumer.
b. have a protective effect but not a consumption effect.
c. have a consumption effect but not a protective effect.
d. generate no deadweight welfare losses for the home country.
a. increase the price to the domestic consumer.
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Informal institutions work on the principle of
A. what goes round comes round. B. shared norms and values. C. group consensus. D. social guilt.
You bought a stock at $50 a share, and it has increased in price to $70 a share
You think its price will increase even more but you are also concerned that it might go back to $50, eliminating the entire gain. Given this information, you should place which kind of order? A) Stop-loss B) Profit-retention C) Limit D) Deferred sales
Which of the following is true about the use of trade names by a sole proprietor in most states?
A) The use of a trade name is permissible, but permission must first be obtained from the state. B) Trade names are generally permissible but must be registered with the state. C) A trade name is permissible, but it must include the full name of the proprietor. D) The use of a trade name by a proprietor is not permissible because the business is not a separate entity from the owner.
A checklist is a type of poka-yoke to help ensure consistency and completeness in carrying out a task
Indicate whether the statement is true or false