The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 58

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Employers and workers in the protected industry know that the consequences of protection are principally:

• A)lower prices for their output, lower profits for owners, and lower wages for workers.
• B)higher prices for their output, lower profits for owners, and lower wages for workers.
• C)higher prices for their output, lower profits for owners, and higher wages for workers.
• D)lower prices for their output, higher profits for owners, and higher wages for workers.
• E)higher prices for their output, higher profits for owners, and higher wages for workers.

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Definitions:

Refreezing

The final step in Lewin’s change model, in which new attitudes, values, and behaviors are established as the new status quo.

Equilibrium State

A condition of balance or stability within a system where competing forces or influences are equal.

Status Quo

The existing state of affairs or conditions, typically referring to a situation that remains unchanged or stable.

Role Negotiation

The process of discussing and agreeing on the expectations, responsibilities, and resources for a specific job or role between individuals or groups.