Examlex
What is a tariff? Demonstrate the effect of a tariff on equilibrium quantity and price. Does the equilibrium price rise by the amount of the tariff? Why or why not?
Six Sigma
A set of techniques and tools for process improvement, aiming at reducing defects and variability in manufacturing and business processes to improve quality and efficiency.
Control Chart
A graphical tool used in process control to display how a process varies over time and whether it remains within predefined limits.
Defects Per Unit
The average number of defects found in each unit of output or product.
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