Figure 17-13 -In Figure 17-13, If the World Price of a Baseball

question 131

Multiple Choice

Figure 17-13
-In Figure 17-13, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will the United States import?

• A) 4,000
• B) 6,000
• C) 8,000
• D) 10,000
• E) 12,000

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Definitions:

Subjective Performance

Evaluation of an employee's performance based on personal judgments rather than measurable outcomes.

Opinion

A personal view, attitude, or appraisal formed about something, not necessarily based on fact or knowledge.

Central Tendency Bias

A tendency to rate all individuals or situations as average or neutral, avoiding extreme judgments in assessments.

Rating Errors

Mistakes or biases that occur when evaluating or assessing an individual's performance or attributes.