Reference: Ref 9-3 (Figure: Foreign Trade) Refer to the Figure

question 22

Multiple Choice

Reference: Ref 9-3 (Figure: Foreign Trade) Refer to the figure. What is the dollar value of the producer surplus gained as a result of prohibiting trade in this market?

• A) $15,000
• B) $30,000
• C) $12,500
• D) $22,500

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Definitions:

Expectancy Theory of Motivation

A psychological theory suggesting that people are motivated to engage in behaviors based on the expected outcomes and the value of those outcomes to them.

Administering an Unpleasant Outcome

The process of executing or delivering a negative or unfavorable result or decision.

Punish

The act of imposing a penalty or consequence on someone for their behavior or actions, often as a method of enforcing rules or discipline.

OB Mod

A management approach focusing on changing employees' behaviors through a system of rewards and punishments known as organizational behavior modification.