Suppose the united states eliminates its tariff on ball bearings used in producing exports. ball bearing prices in the united states would be expected to
Eliminating the tariff on ball bearings is expected to decrease their price in the United States, as it increases supply and lowers production costs for U.S. exporters.
If the United States eliminates its tariff on ball bearings used in producing exports, the prices in the United States would be expected to decrease. This is because the removal of tariffs reduces the cost of imports and makes the imported goods cheaper. In economic terms, the supply of ball bearings would increase, leading to a lower market price assuming demand remains constant. Moreover, U.S. companies that use ball bearings as inputs would face lower production costs, potentially reducing the prices of the final goods they export.
For example, if a U.S. automobile manufacturer uses imported ball bearings in their cars, the elimination of the tariff would reduce their cost for this input. This could allow the manufacturer to lower the price of their automobiles or increase their profit margins. Ultimately, this could enhance the competitiveness of U.S. products that require ball bearings in the international market.
It is worth noting that these price effects are similar to other trade policy instruments like taxes on exports, subsidies, taxes on imports, and trade restraints. Each policy affects the cost and availability of goods, and thereby the market equilibrium, albeit in different ways.
Scenario 13-17 if farmer brown plants no seeds on his farm, he gets no harvest. if he plants 1 bag of seeds, he gets 5 bushels of wheat. if he plants 2 bags, he gets 9 bushels. if he plants 3 bags, he gets 12 bushels. a bag of seeds costs $120, and seeds are his only cost. refer to scenario 13-17. farmer brown's marginal-cost curve is
His marginal cost curve is increasing, because the marginal benefit of each additional bag of seeds keeps going down and the costs continue to go up.
Farmer Brown's marginal-cost curve, calculated based on the number of bags of seeds he plants, could be upward sloping. This illustrates an important economic concept called diminishing returns, which means that after a certain point, each additional input results in smaller and smaller increases in output.
Explanation:The question asks about Farmer Brown's marginal-cost curve based on the amount of seeds he plants and the resulting yield of wheat. In economics, the concept of marginal cost refers to the cost associated with producing one more unit of a good. Here, we need to calculate the additional cost for each additional unit (bushel) of wheat Farmer Brown produces by planting one more bag of seeds.
When moving from 0 to 1 bag, the marginal cost is the cost of the bag, which is $120. Similar calculations can be made for 2 and 3 bags. By breaking down into these steps, we can determine an upward sloping marginal cost curve for Farmer Brown, indicating that the cost of producing additional bushels of wheat increases as more seeds are planted.
This also relates to the concept of diminishing returns in economics. As more seeds are planted (considered an input), the additional output gained (in this case, bushels of wheat) begins to decrease after a certain point.
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An increased focus on health and wellness has resulted in a number of new business ideas including healthier foods and beverages, yoga instruction and training centers, and nutrition consulting. an increased focus on health and wellness is an important ________ that is creating opportunities in many areas for entrepreneurial firms.
An increased focus on health and wellness is an important "social force" that is creating opportunities in many areas for entrepreneurial firms.
In recent years, health and wellness has raised in significance for countless consumers, to a great extent because of a convergence of components, including rising health care costs and a maturing populace. Consumer health risks are likewise developing. As Americans are living longer, chronic infections are likewise on the rise, which means consumers are looking to new, reasonable and helpful organizations to address their afflictions, for example, in-store retail clinics.
House's path-goal theory focuses primarily on a leader's charisma.T/F
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Final answer:
False, House's Path-Goal theory does not focus primarily on a leader's charisma but rather on how leaders can motivate and support employees to achieve goals. Charismatic leadership is related to the leader's personal qualities and their ability to inspire followers, which is separate from the Path-Goal theory.
Explanation:
The statement that House's path-goal theory focuses primarily on a leader's charisma is false. The Path-Goal theory of leadership actually emphasizes how leaders can motivate and support their subordinates to achieve goals.
It is concerned with the way a leader influences subordinates' perceptions of their work goals, personal goals, and paths to goal attainment. It does not focus on the charisma of the leader as its primary component. Instead, it centers on how a leader's behavior influences subordinates' motivation, satisfaction, and performance.
In contrast, discussions on charismatic leadership are concerned with certain personal qualities of the charismatic leader, such as how they can inspire and motivate followers through their personal vision and personality.
Charismatic leaders influence followers through their own personal attributes and the devotion and loyalty they inspire; for example, the phenomenon of a personality cult often accompanies charismatic leadership.
It is important to distinguish between charisma as a leader's inherent trait and the strategic behaviors suggested by the Path-Goal theory. The Path-Goal theory encourages leaders to adapt their style to the needs of their subordinates and the work environment to promote high performance and satisfaction.
Employees' shared perceptions of policies, practices, and procedures of an organization is known as:A. culture.B. socialization.C. climate.D. civility.E. groupthink.
Employees' shared perceptions of policies, practices, and procedures of an organization is known as C. climate.
Organizations often have Employee Climate Surveys to give a bigger picture and better understanding of the needs of the organization. These needs are the climate in which employees work under based on their perceptions of the organization. By letting the employees know what is expected, there is an accurate way to determine the employees should have understanding ahead of time.
Employees' shared perceptions of policies, practices, and procedures of an organization is known as C) climate. Organizational culture refers to shared values and beliefs. Climate describes the day-to-day atmosphere within the organization.
Employees' shared perceptions of policies, practices, and procedures of an organization is known as climate. Organizational culture, on the other hand, refers to a system of shared assumptions, values, and beliefs that show employees what is appropriate and inappropriate behavior.
For example, a company that offers flexible work hours, sabbaticals, and telecommuting opportunities signals its emphasis on work-life balance. Culture becomes visible to individuals when they compare different organizations. While culture provides a broader framework of shared values and assumptions, climate speaks to the day-to-day atmosphere within the organization. Correct answer is C) climate.
What is a way to protect your social security number and other sensitive information from identity theft? everfi?
dont share you personal emails or passwords
Big men accumulate wealth because Select one: a. they are chiefs who are trying to make their achieved status more permanent by engaging in conspicuous symbolic displays of wealth. b. the term big man refers to the liminal state that a Kapauku youth enters before marriage, during which he accumulates wealth in order to fund the wedding and pay the brideprice. c. they are typically war leaders, and as such they must maintain a supply of "grievance gifts" to compensate the families of warriors who die under their command. d. to become a big man, an individual must wear a tonowi shell necklace, which is imported from the coast and is therefore quite expensive by Kapauku standards. e. big men do not keep the wealth they accumulate but rather redistribute it to create and maintain alliances with political supporters.
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Big men in Melanesian and New Guinea societies accumulate wealth primarily to redistribute it and maintain alliances with political supporters, not for personal gain. The correct option is E.
The role of the big man in Melanesian and New Guinea societies is an informal position of leadership. Big men gain respect and followers by accumulating wealth, sponsoring feasts, and assisting young men with paying bride wealth. However, it is important for a big man to redistribute his wealth and provide services to the community, as greed and selfishness are not tolerated. The accumulation of wealth alone is not sufficient; the equitable distribution of wealth and community service are paramount. A big man's power is based on persuasion and influence, not coercion, and he settles disputes and represents his people in dealings with outsiders.
Given the description of the big man's role, the correct answer to why big men accumulate wealth is because they do not keep the wealth they accumulate but rather redistribute it to create and maintain alliances with political supporters, which is option e.
Expectancy theory implies that linking an increased amount of rewards to performance will increase motivation and performance. Followers of cognitive evaluation theory are likely to question this assumption, arguing that:A. monetary rewards may decrease extrinsic motivation.B. intrinsic rewards do not affect job satisfaction.C. monetary rewards may decrease intrinsic motivation.D. extrinsic rewards are not effective for managers.E. behaviors are determined by genes rather than reinforcement.
Cognitive evaluation theory would question the use of money as a motivator because external motivational tools may lower intrinsic motivation because people will start working to get the reward, NOT because they are intrinsically motivated or challenged.
Ke Guiwen is visiting the United States from China. As he visits several companies and talks to both workers and managers, he is surprised to realize that although U.S. workers seem to have more autonomy than the employees in his company, they also tend not to work together to complete tasks. Ke Guiwen’s surprise is probably due to a/an ____ in his culture.
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Final answer:
Ke Guiwen is likely surprised due to the cultural differences between the collectivistic approach in China, which emphasizes group work, and the individualistic culture in the U.S., which values autonomy. The use of guanxi in China versus transactional networking in the U.S. also reflects these differences.
Explanation:
Ke Guiwen's surprise is probably due to a cultural difference in his culture. In collectivistic cultures like China, employees are expected to work closely with one another, placing a greater emphasis on group harmony and collective success over individual autonomy. On the contrary, in individualistic cultures like the United States, there is a strong value placed on individual initiative and autonomy, which might lead to employees working more independently rather than collaboratively on tasks.
The concept of guanxi, which refers to the network of relationships that individuals use to gain favor and accomplish tasks in Chinese culture, stands in stark contrast to the American approach of networking, which can be more transactional. This could contribute to Ke's observation as U.S. workers might not rely on tight-knit group dynamics to the extent seen in Chinese working environments. Furthermore, differences in state regulations, the importance of community, and the varying expectations of personal and collective success between the U.S. and China could compound Ke Guiwen's sense of surprise when observing American workplace behaviors.
A what is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
A key technique for increasing employee motivation is
Answer:
The answer is behavior modification.
Explanation:
Behavior modification here refers to a way to change the behaviors of an individual through employing conditioning principles such as giving reinforcements for the desired behavior and giving punishments when an undesired behavior is displayed. In the context of motivating employees, behavior modification can be used to increase the job performance of employees, by giving positive reinforcements when they show good work performance and by giving punishments when they do not achieve the set target performance.
Employee motivation can be increased through providing positive feedback, recognizing performance (Hawthorne effect), and by reinforcing expressive values. Professional development opportunities and maintaining a positive attitude and growth mindset also play crucial roles in boosting employee motivation.
Explanation:Increase Employee MotivationIncreasing employee motivation in the workplace is essential for boosting productivity and job satisfaction. Research suggests that motivation can be enhanced through both intrinsic and extrinsic rewards. One key technique involves providing employees with positive feedback and recognition for their work, which can bolster intrinsic motivation. The Hawthorne effect implies that performance improves when employees feel observed and valued by their supervisors. Additionally, employees may be motivated by the alignment of personal values with their work, elevating the importance of expressive values such as solidarity, loyalty, and patriotism, as strategic leaders may do to garner support and dedication from their followers.
Offering professional development opportunities is another way to motivate employees, as it demonstrates an investment in their growth, which in turn can benefit the entire organization. Moreover, having a positive attitude and embracing a growth mindset can further inspire coworkers and contribute to a healthy work culture.
Ultimately, understanding and responding to the different motivational drivers for each individual can lead to higher levels of motivation overall. Businesses must recognize the complex interplay between intrinsic rewards, such as personal growth and satisfaction, and extrinsic rewards, like pay raises and titles, to effectively increase motivation among their staff.
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A researcher hired by a department store wants to examine whether manipulating the room temperature to be hotter as opposed to cooler affects sales of air conditioners. the best method for answering this question would be
This would be a controlled experiment. You would randomly assign people into groups and watch their behavior as they interact with different temperatures. You would have two experimental groups and one control group.
In new bargaining relationships, discussions about procedural issues should occur after the major substantive issues are raised.
a. True
b. False
False. In new relationships, you should handle introductions and procedural issues before tackling the major problems. It is important to establish the working relationship first before trying to deal with the substantive issues.
Agents prefer a behavior-based contract when _____.A. they are inclined to take more risksB. job outcomes are more measurableC. they desire higher compensationD. outcome uncertainty is highE. jobs become less programmable
Agents prefer a behavior-based contract when outcome uncertain is high. A behavior-based contract is when employees of an organization are classified by monitoring their behavior in situations. Some situations that are measured by behavior are monitoring how salespeople are involved in activities and how they end. How different management strategies correlate with their team and so on. The outcome is high for what may happen based on the behavior of the different individuals.
Agents tend to prefer behavior-based contracts when outcome uncertainty is high, as these contracts provide a steadier source of income amidst uncertain job outcomes.
Agents prefer a behavior-based contract when outcome uncertainty is high. This preference arises because a behavior-based contract, such as a regular salary, helps mitigate the risk that agents face due to outcome uncertainty. As outcome uncertainty increases, it becomes more difficult to measure job outcomes effectively, making behavior-based contracts more appealing to agents.
These contracts ensure that they receive compensation regardless of the uncertain outcomes. Furthermore, in situations with high outcome uncertainty, principals may employ mechanisms such as monitoring mechanisms or performance-based renewals to enhance the effectiveness of behavior-based contracts.
However, if the job is highly measurable and outcomes can be easily determined, or if agents desire higher compensation contingent on performance, outcome-based contracts might be more attractive.
A(n) _____ clause is a provision in a contract that purports to relieve one of the parties from tort liability. exculpatory implied-in-fact quasi expressed
exculpatory clause is a provision in a contract that purports to relieve one of the parties from tort liability. exculpatory implied-in-fact quasi expressed
Suppose a potential home buyer is interested in taking a $500,000 mortgage loan that has a term of 30 years and a fixed mortgage rate of 5.25%. what is the monthly mortgage payment that the homeowner would need to make if this loan is fully amortizing?
On a 30 year 5.25% rate on a $500,000 mortgage loan you would be looking at monthly payments of $2761.02
An unusual aspect of the green mountain case is it included: conference calls that provided earnings guidance to shareholders and analysts were used to mask a financial fraud desire to meet or beat analysts' earnings expectations led to manipulation of receivables balances company violated the sarbanes-oxley act pricewaterhousecoopers knew about inflated inventory values
The correct option is that the case included conference calls that provided earnings guidance to shareholders and analysts were used to mask a financial fraud.
PLEASE HELP!!!!!
You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it.
In blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit).
In blank #2 defend your credit choice by explaining why your financing option is the best option for you.
In blank #3 please explain why you selected that credit option over the other two options available.
In a situation like this, installment credit would probably be the best option for you.
Installment credit allows you to purchase an item, and then pay for it in installments. The reason that this would be the best option for you is that you do not have the money now to make the purchase, but you are able to make small monthly payments for a computer.
Installment credit is better than revolving credit for new borrowers. Revolving credit would allow you to charge more purchases on your revolving credit account. The installment pla only finances one item, rather than a credit card which is how revolving credit works. You would not choose non-installment credit because this would require you to make this payment all at once in a short period of time. It would not allow you to spread the payments out over time.
Why is marketing inherently risky? what kinds of risks are involved in engaging in marketing?
Marketing is a form or aspect of business which has inherent risk. In marketing we are trying to attract consumers. Consumers have options, those options represent our risk. We have to the best option.
For most small businesses, the primary motivation for going global is to
Develop new markets to increase sales
For these data, what is the three-period centered moving average for period 4
The correct answer is option (b) 31.33.
To calculate the three-period centered moving average for period 4, we average the values from periods 2, 3, and 4. The formula is:
[tex]\[ \text{Moving Average}_t = \frac{y_{t-1} + y_t + y_{t+1}}{3} \][/tex]
For period 4:
[tex]\[ \text{Moving Average}_4 = \frac{33 + 27 + 34}{3} = \frac{94}{3} \approx 31.33 \][/tex]
Therefore, the correct answer is option (b) 31.33. This value represents the centered moving average for the specified period, providing a smoothed estimate of the underlying trend in the data. This technique is commonly used to identify patterns and trends while minimizing the impact of short-term fluctuations.
The complete question is probably:
For these data, what is the three-period centered moving average for period 4? t 1 2 3 4 5 6 7 8 9 yt 22 33 27 34 38 26 28 35 41 a. 33.33 b. 31.33 c. 33.00 d. 34.00
For these data, what is the three-period centered moving average for period 4?
t 1 2 3 4 5 6 7 8 9
yt 22 33 27 34 38 26 28 35 41
a. 33.33
b. 31.33
c. 33.00
d. 34.00
1. Why has Le Pliage been so successful? To what do you attribute its popularity and longevity? What is the role of the Longchamp brand in its success?
Le Pliage has been successful because of its emphasis on quality and effective marketing mix that applies the 4p's masterfully. This emphasis on quality and core marketing principals are foundational elements of longevity. The Longchamp brand increased trade and had strong brand awareness.
Of the eight critical business processes on which supply chain managers must focus, the _____ process presents a multi-company, unified response system to the customer whenever complaints, concerns, questions, or comments are voiced.
a. demand management
b. order fulfillment
c. manufacturing flow management
d. customer service management
e. product development and commercialization
It would be D customer service management
A channel of distribution is defined as a group of individuals and organizations thata) consumes about one-half of every dollar spent on products in the United States.b) directs the flow of products from producers to customers.c) links producers to other marketing intermediaries.d) takes title to products and resells them.e) manages transportation and warehousing functions.
A channel of distribution is defined as a group of individuals and organizations that b) directs the flow of products from producers to customers.
A channel of distribution is the channel where products move from each stage all the way down into the consumers hands. Different company's and their products may have differences in their distribution path but, they allow follow a path of some sort.
Final answer:
A channel of distribution is defined as a group of entities that directs the flow of products from producers to consumers, including transportation, distribution, and retailing. Technological advances and globalization have expanded the reach of these channels, allowing for increased competition and the fragmentation of the value chain.
Explanation:
A channel of distribution is defined as a group of individuals and organizations that directs the flow of products from producers to customers. This encompasses all the processes involved in moving goods and services from the production stage to the final consumer, including transportation, distribution, wholesale, and retail sales. The major grocery stores in the United States, for instance, are part of such a channel, as they are organized into various departments such as dairy, meats, produce, and others, providing customers with a wide array of products to consume.
In light of the technological advancements and globalization, the way we understand markets and channels of distribution has evolved. The internet has revolutionized this by allowing consumers to order products from anywhere around the world, increasing competition among local retailers and enabling business-to-business communications across the globe. In this modern economy, the value chain has also become more fragmented, making it common for different stages of production and services to be carried out in various locations worldwide.
Doug wants to buy a car in two months, but does not have enough money. What is the best way for Doug to get the money he needs?
Doug needs to get out of the house and get a job
Buying stocks on the chance of a quick profit without considering risks is known as...
a)Buying on margin
b)Speculation
c)Profit-taking
d)Living on credit
It is usually called Speculative Profit so it would be B Speculation.
Speculation refers to the act of buying stocks in hopes of a quick profit, while disregarding potential risks and investment fundamentals. Speculators often invest based on market trends or sudden news events instead of a company's underlying worth.
Explanation:The process of buying stocks in the hope for a quick profit without considering potential risks is known as Speculation. This kind of financial behavior is associated with the higher-risk end of the investment spectrum. During speculation, investors tend to prioritize potential for rapid growth over long-term stability, often disregarding traditional investment fundamentals. For instance, instead of considering a company's underlying value and financial health, a speculator might invest based on market trends or sudden news events.
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To be certain that contamination from raw meats to other food or surfaces does not happen in a kitchen a good practice would be to
Store raw meat at the bottom of the fridge to stop any leaking juices – which often contain live bacteria – dripping onto other foods.
Suppose the fed announces that it is raising its target interest rate by 25 basis points, or 0.25 percentage point. to do this, the fed will use open-market operations to the money by the public.
The will reduce the money supply to the public.
Answer:
This will cause public supply to shrink.
Explanation:
What time period alternatives does quickbooks accountant provide for a balance sheet?
Quickbooks allows day, week, two week, month, quarterly, and yearly reporting periods.
QuickBooks Accountant allows users to create balance sheets for a variety of time periods, such as monthly, quarterly, and annually. The balance sheet, or T-account, uses a two-column format focused on 'Assets' and 'Liabilities' to represent your business finances.
Explanation:QuickBooks Accountant provides a wide range of time period alternatives for a balance sheet. An essential tool for financial management, QuickBooks allows for balance sheets to be created monthly, quarterly, annually, or a custom period based on the user's needs. The balance sheet in QuickBooks, also known as the T-account, adopts a two-column format with 'Assets' and 'Liabilities' as the main columns, reflecting the state of your business finances in the selected period.
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_______ in active circulation includes money in everyone's pockets and is part of ______
i dont know the first one but the second one is economy