Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

question 202

Multiple Choice

Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is ,
where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is ,
where represents the domestic quantity of cardboard supplied,in tons,and again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.Suppose the world price of cardboard is $60 and international trade is allowed.Then Boxland's consumers demand

• A)110 tons of cardboard and Boxland's producers supply 120 tons of cardboard.
• B)96 tons of cardboard and Boxland's producers supply 96 tons of cardboard.
• C)96 tons of cardboard and Boxland's producers supply 115 tons of cardboard.
• D)80 tons of cardboard and Boxland's producers supply 120 tons of cardboard.

---

Definitions:

Performance Compensation

A pay system where employees' remuneration is directly linked to their performance or the outcomes they achieve.

Employees' Control

The extent to which workers have power or influence over their work environment and decision-making processes.

Variable Salary

A compensation structure where a portion of an employee's pay is based on some form of performance measure, leading to fluctuations in earnings.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for jobs.