The primary difference between a quota and a voluntary export restraint (ver) is that

a. the ver is unilaterally imposed by one nation on the other while the quota is the result of negotiations between nations.

b. the ver affects import price while the quota works through quantity restrictions and does not influence the price of the good.

c. the quota directly limits imports while the ver only indirectly influences the quantity traded between the nations.

d. the quota is unilaterally imposed by one nation on the other while the ver is the result of negotiations between nations.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.