In a certain town (A), a family’s mean weekly grocery spending is $450 with a standard deviation of $35. In a second town (B), the mean is $575 with a standard deviation of $10. A person in Town A has a weekly grocery budget of $400, and a person in Town B has a weekly budget of $450. Which person spends more on groceries, relative to the others in their communities?

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.