Answer:
- <u><em>d. a reduction in output and employment in domestic industries that utilize steel as a resource</em></u>
Explanation:
The first impact of a <em>quota that limits the importation of steel into the United States </em>is that the domestic market will experience a decrease on the number of suppliers.
As a consequence, the domestic manufacturers will have less competition and they will be able to increase the prices of the steel in the domestic market, instead of struggling to decrease the costs, or improve the quality, or increase the productivity, or enhance the service.
Thus, the domestic indutries that utilize the steel will face an increase on the prices of their main raw material, becoming less competitive. Then, <em>most likely</em>, their price should increase and their sales and production should decrease; thus, <em>they will face a reduction in output and employment.</em>
Answer:
D. €1.3333 = £1.00
Explanation:
Suppose you observe the following exchange rates: €1 = $1.50; £1 = $2.00.
That implies that the value of €1 is equivalent to 1.50/2.00 the value of £1, since €1 = $1.50; £1 = $2.00
Therefore the value of €1 = £0.75
Hence the value of £1 = €1 / £0.75 = €1.3333
Answer:
E. BACBACBACB
Explanation:
The lean philosophy was originated from manufacturing practices but has grown to cover all aspects of an organization. The philosophy discourages waste by encouraging efficiency which is directed at continuous improvement for the goal of creating value for the customer. In the example above, applying lean philosophy, we would pick the last option since this reduces waste of inventory by making sure that the product with the highest demand comes first; therefore we sequence as per demand rate under lean philosophy to reduce waste and increase efficiency.
Answer:
The correct answer is option A.
Explanation:
Sophie is willing to sell a textbook for $30, while Ruby is willing to purchase it for $60. Both negotiate and agree on a price of $45.
The gain for Sophie will be the difference between the minimum price she was expecting and the price she gets for the textbook.
Gain for Sophie
= $45 - $30
= $15
The gain for Ruby will be the difference between the maximum price she was willing to pay and the price she actually paid.
Gain for Ruby
= $60 - $45
= $15
So, both of them have a gain of $15 from trade.
An innocent person may likely tell reasons which he believed would be correct. But these reasons cannot be as closely as possible with the situation because the person is innocent and without any understanding of homicide but only have ideas based on read materials or documentaries on television.
