Whereas an Export Tax Allows Each Firm to Decide on Its

question 166

Multiple Choice

Whereas an export tax allows each firm to decide on its production volume in response to a market price,what does a quota do

• A)It dictates the minimum quantity each can produce.
• B)It dictates the maximum quantity each can produce.
• C)It dictates the maximum price each can charge.
• D)It dictates the minimum price each can charge.

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Definitions:

Process Innovations

Introduce into operations new and better ways of doing things.

Institutional Adaptation

The process by which organizations adjust and change to meet the demands of their external environment or internal needs.

Internal Integration

The process of ensuring that different parts of an organization work together smoothly and effectively towards common goals.

External Adaptation

The process by which an organization or group adjusts and responds to changes in the external environment to survive and thrive.