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pishuonlain [190]
3 years ago
15

Suppose that Australia imposes a tariff on imported beef. If the increase in producer surplus is $100 million, the increase in t

ariff revenue is $200 million, and the reduction in consumer surplus is $500 million, the deadweight loss of the tariff is $300 million.a) trueb) false
Business
1 answer:
hram777 [196]3 years ago
6 0

Answer: False

Explanation:

A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.

Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.

Therefore the question is false.

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The characteristics of a high-performance work system approach to HRM  are-

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A high-performance work system is a bundle of HRM practices designed to promote employees' skills, motivation and involvement to enable a firm to gain a sustainable competitive advantage (Datta et al., 2005; Guthrie, 2001; Huselid, 1995), which includes employment security, extensive training, teams and decentralized

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Because poor people areless likely to have __________ adequate healthcare, guaranteeing everyone in society the best healthcare
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4 years ago
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An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to
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b. present both offers at the same time

Explanation:

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The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
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a. 480

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EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

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