Which of the Following Results If the U

question 121

Multiple Choice

Which of the following results if the U.S.removes an import quota on computer components?

• A)U.S.exports and U.S.imports both increase
• B)U.S.exports increase but U.S.imports are unchanged
• C)U.S.imports increase but U.S.exports are unchanged
• D)None of the above are correct

---

Definitions:

Matrix Structure

A management approach that organizes employees by both function and product, allowing for more efficient communication across departments.

Binding Minimum Wage

A fixed minimum salary that employers are legally obligated to pay their employees, typically set above the equilibrium wage, leading to potential surpluses in labor.

Labor Market

The marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Price Elastic

Describing a situation where the demand for a product is sensitive to price changes, meaning a relatively small change in price leads to a large change in the quantity demanded.