All of the following costs are likely to decrease as a result of better quality except ______________
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customer dissatisfaction costs
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inspection costs
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maintenance costs
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Bill2021-10-13 22:33:562022-02-26 12:48:38costs“Quality is defined by the customer” is
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An unrealistic definition of quality
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A user-based definition of quality
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A manufacturing-based definition of quality
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Bill2021-10-13 22:32:182022-02-26 12:48:41QualityIf the tax function is T= t0+t1y where t1 equals 1/3, and if the marginal propensity to consume out of disposable income is 3/4, then the change in GDP oer unit change into t0 (ΔY/Δ t0) will be
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-1
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+1
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-1.5
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-2
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Bill2021-10-13 22:29:522022-02-26 12:48:43tax functionAutomatic stabilizers drive changes in
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The total deficit
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The cyclical deficit
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The structural deficit
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Bill2021-10-13 22:18:202022-02-26 12:48:45Automatic stabilizersAdvocates of the public-choice view argue that elected officials
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Will always respond to inflation with expansionary policies but will respond to unemployment with restrictive policies
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Will actively respond to inflation with restrictive policies but are reluctant to respond to unemployment with expansionary policies
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Will always respond to both inflation and unemployment with expansionary policies
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Bill2021-10-13 22:15:592022-02-26 12:48:47public-choice viewThe economist who said that international trade was based upon the concept of absolute advantage was:
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David Ricardo
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Adam Smith
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J.S.Mill
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Bill2021-10-13 22:08:272022-02-26 12:48:49international tradeThe aggregate production function for real business cycle models is shown as
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Yt=F(Kt,Nt)
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Yt= Zt F(Kt – Nt)
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Yt= Zt F(Kt,Nt)
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Bill2021-10-13 22:01:292022-02-26 12:48:51aggregate production functionWhen automatic fiscal stabilizers are in place, a shock that causes a fall in the level of economic activity automatically
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Results in a decline in the federal budget deficit that lessens the fall in income
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Results in a rise in the federal deficit that lessens the fall in income
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Requires the federal government to balance the budget
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Bill2021-10-13 21:54:462022-02-26 12:48:54fiscal stabilizersThe utility may be defined as:
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The desire for a commodity
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The usefulness of a commodity
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The necessity of a commodity
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Bill2021-10-13 21:34:242022-02-26 12:48:56utilityProtectionism in the international trade stands for:
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Semi-restricted Trade
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Free trade policy
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Restricted Trade policy
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Bill2021-10-13 16:05:092022-02-26 12:48:58international trade