A Tariff ________ Consumer Surplus and an Import Quota ________

question 106

Multiple Choice

A tariff ________ consumer surplus and an import quota ________ consumer surplus.

• A)decreases;decreases
• B)increases;increases
• C)decreases;increases
• D)increases;decreases
• E)does not change;does not change

Distinguish between myths and realities regarding resource availability, control in entrepreneurship, and opportunity recognition.

Understand different patterns of information flow in organizational communication.

Recognize the characteristics and implications of electronic communication in the workplace.

Identify the factors that influence the accuracy and speed of message transmission within an organization.

---

Definitions:

Nearest Cent

Rounding a monetary amount to the closest cent, often used to simplify cash transactions.

Simple Interest

An interest calculation method where the interest charge is calculated only on the principal amount, without compounding.

Nearest Cent

Rounding a monetary amount to the closest one-hundredth of the currency unit, such as a dollar.

Semiannual Compounding

Another term for compounded semi-annually, indicating that interest is added to the principal sum twice per year.