In the Following Figure, the First Panel Shows a Market

question 43

Multiple Choice

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-Monetary freedom refers to:

• A)the ability to create and operate an enterprise easily.
• B)the absence of tariff and non-tariff barriers that affect imports of goods.
• C)the tax burden and overall tax revenue of the government.
• D)price stability with an assessment of price control.
• E)the free flow of foreign capital.

Understand the concept of profit-sharing plans and their motivational aspects.

Recognize the importance of including employees in profit-sharing plans and the factors determining eligibility.

Comprehend the design and impact of gain-sharing plans like the Scanlon plan on labor costs and productivity.

Identify best practices and considerations in designing nonmonetary and monetary reward systems.