If a Quota Is Placed on a Good,domestic Producers of the Good

question 142

Multiple Choice

If a quota is placed on a good,domestic producers of the good are ________ and domestic consumers of the good are _________.

• A) better off;better off
• B) better off;not affected
• C) better off;worse off
• D) worse off;worse off
• E) worse off;better off

---

Definitions:

Piecework Plans

A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.

Incentive Pay

Financial or non-financial rewards given to employees based on their performance, as a way to motivate higher productivity and achieve company goals.

Well-Designed Plan

Refers to a strategy or program that has been carefully created with attention to detail, ensuring effectiveness and efficiency.

Incentive Pay

Compensation awarded to employees for achieving specific performance goals, designed to motivate and reward high levels of productivity or exceptional work.