Import quotas tend to lead to all of the following EXCEPT
a. domestic producers of the imported good being harmed.
b. domestic consumers of the imported good being harmed.
c. prices increasing in the importing country.
d. prices falling in the exporting country.
a. domestic producers of the imported good being harmed.
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All of the following are characteristics of hourly wage plans except:
a. They provide no extra recognition for doing more than the minimum required. b. They are easy to apply. c. They establish a definite rate per hour for each employee. d. They encourage employees to sacrifice quality in order to maximize earnings.
Regarding wholesalers, which of the following types has the lowest costs as a percent of sales?
A. manufacturers' sales branches B. merchant wholesalers C. service wholesalers D. agent wholesalers E. specialty wholesalers
The Excel LP model for this scenario shows the following sensitivity report for the constraints. Comment on the salient features
Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $G$5 Budget 3500 12 3500 2560 3440 $G$6 Newspaper 0 0 4 1E+30 4 $G$7 Radio 13.76 0 24 1E+30 10.24 $G$8 Twitter 0 0 3 1E+30 3 $G$9 Facebook 4 20 4 229.3333333 4
The decision making criterion of realism only applies to maximizing expected payoff
Indicate whether the statement is true or false