In Order to Claim That a Tariff and Other Forms

question 16

Multiple Choice

In order to claim that a tariff and other forms of government intervention raise social welfare one must be able to demonstrate that

• A) something prevents factors from shifting into industries that yield lower costs than are available in other sectors in the economy.
• B) something prevents factors from shifting into industries that yield higher costs than are available in other sectors in the economy.
• C) something prevents factors from shifting into industries that yield lower returns than are available in other sectors in the economy.
• D) something prevents factors from shifting into industries that yield higher returns than are available in other sectors in the economy.
• E) short term losses will be greater than long term gains.

Grasp the basics of cloud synchronization and its applications.

Understand IP addressing schemes and their management.

Know about networking hardware and their setup for resource sharing.

Identify and troubleshoot power and battery issues in laptops.

---

Definitions:

Variable Manufacturing Overhead

These are costs that vary with production volume, such as utilities for the production plant or materials.

Net Operating Income

The total revenue from operations minus the operating expenses, exclusive of taxes and interest, in a different phrasing.

Variable Manufacturing Overhead

Costs of manufacturing that vary directly with the level of production, such as utilities for the manufacturing plant.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in neither profit nor loss.