Use the Following Scenario to Answer the Next Four Questions

question 31

Multiple Choice

Use the following scenario to answer the next four questions:
RayRay and Andrew produce baseballs and golf balls. RayRay can produce six baseballs per hour or four golf balls per hour. Andrew can produce three baseballs per hour or one golf ball per hour.
-Which of the following situations will arise in the domestic market following the imposition of a voluntary quota?

• A) Imports decrease, domestic production increases, and prices increase.
• B) Imports increase, domestic production decreases, and prices decrease.
• C) Imports decrease, domestic production decreases, and prices increase.
• D) Imports increase, domestic production increases, and prices increase.
• E) Imports decrease, domestic production increases, and prices decrease.

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Definitions:

Socially Praiseworthy

Actions or behaviors that are considered admirable and commendable by societal standards.

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it accordingly, often contrasted with the pleasure principle.

Ego

In psychoanalytic theory, it is the part of the personality responsible for dealing with reality, mediating between the desires of the id and the constraints of the social world.

Personality

The melding of characteristics that establishes a person's distinct identity.