Use the Information Below to Answer the Following Questions

question 101

Multiple Choice

Use the information below to answer the following questions.
Fact 31.3.2
With free trade between Australia and Canada, Australia would export beef to Canada. But Canada imposes an import quota on Australian beef.
-Refer to Fact 31.3.2. If Canada imposes an import quota on Australian beef, the price that Canadian consumers pay for beef will ________ and the quantity of beef produced in Canada will ________.

• A)not change; decrease
• B)not change; increase
• C)rise; not change
• D)rise; increase
• E)fall; decrease

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Definitions:

Team Effectiveness

Measures how well a team accomplishes its goals and meets the needs of its members and organization.

Formal Retreat Approach

A strategic decision-making process where decision makers step back from the immediate problem in order to reconsider their options from a new perspective.

Firm's Headquarters

The primary office or location where the central functions of an organization are coordinated and managed, often the base for executive decision-makers.

Continuous Improvement Approach

A long-term approach to work that systematically seeks to achieve incremental changes in order to improve efficiency and quality.