-The Above Figure Shows the Australian Market for Replacement Mobile

question 62

Multiple Choice

-The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ________ batteries.

• A) 900,000; 700,000
• B) 800,000; 400,000
• C) 300,000; 100,000
• D) 900,000; 100,000
• E) 700,000; 300,000

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Definitions:

Gainsharing

A performance-based compensation strategy where employees are rewarded for contributing to improved operational efficiency, leading to cost savings which are shared with employees.

Compa-Ratio

A metric that compares an employee's salary to the midpoint of a salary range for their position, used to gauge how competitively they are being compensated.

Merit Pay Programs

Compensation programs where employees receive bonuses or pay increases based on their performance evaluations.

Straight Commission Plans

Compensation plans where an employee's earnings are directly tied to the sales or revenue they generate, without any base salary.