Refer to the Accompanying Graph, Where S_d and D_d Are

question 97

Multiple Choice

Refer to the accompanying graph, where S_d and D_d are the domestic supply and demand curves for a product. The world price of the product is $6. If the economy is open to international trade but a per unit tariff of $4 is imposed, then the total revenue going to domestic producers would be

• A)$400, the total revenue (after tariff)going to foreign producers would be $120, and the tariff revenue going to the government would be $80.
• B)$240, the total revenue (after tariff)going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
• C)$400, the total revenue (after tariff)going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
• D)$240, the total revenue (after tariff)going to foreign producers would be $120, and the tariff revenue going to the government would be $120.

Identify career management responsibilities of organizations and employees.

Explain the role of goal setting and action plans in career development.

Understand the organization's role in the goal-setting stage of career management.

Distinguish different methods used by managers and peers to develop employees.

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Definitions:

Consultative

A leadership or decision-making style that involves seeking input or feedback from others before making a final decision.

Representativeness heuristic

A cognitive shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to a typical case.

Team leader

A person appointed or recognized within a group who guides, inspires, and coordinates the efforts towards achieving team objectives.

Accessibility heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.