Why is Human Factors such a big issue in the aviation industry Essay

Why is Human Factors such a big issue in the aviation industry - Essay Example Maintenance work in this field involves working under extreme and hazardous environment and in case of an emergency the workload and pressure on the maintenance personal is immense. Flight cancellations and delays in take off can cost airlines dearly in today’s scenario. And in case of accidents the charges can be even more steep and it has to be met along with all the legal issues involved (Adams). Thus it is extremely vital for aviation personals to possess adequate knowledge dedication and efficiency in order to avoid accidents and contribute to the safety and security of the industry (Graeber). The aviation industry is currently taking all possible steps that would enhance the working conditions for the human factor and thereby help to reduce accident rate. This is carried out with the participation of specialists, technicians, crew and the customer. The various areas that are being addressed include improving deck design, and error reporting systems, better flight crew co mmunication, navigation and surveillance systems, developing user-friendly methods and tools for management, training human factors in handling and maintenance of the airplane, formation of the fault information team which will identify faults thus enabling the mechanics to maintain the operational efficiency of the airplane, involving customer inputs, and addressing human factor related issues such as fatigue and working conditions of the maintenance personal (Adams; Graeber). 1. Adams, Charlotte. â€Å"Human factors: Beyond the â€Å"Dirty Dozen†.† Aviation today. 1 Aug. 2009. Web. 21 Sept. 2010.

International Organizations Thesis Example | Topics and Well Written Essays - 1000 words

International Organizations - Thesis Example To support the thesis, the following format will be implemented: Realism. Under this theory, A, B, C and so on does exist. They have properties of F-ness, G-ness, and H-ness. Such factors are different from the person’s individual beliefs, cultures, wants, needs, caprices, etc. According to Woods, Global politics must come to the rescue of Africa. The country’s poverty situation has brought the political leaders and international organizations to help alleviate the Africa’s famine situation. Neo-institutionalism. It focuses on describing the social theory of developing a sociological view of institutions. They way they react and affect society. This explains why so many businesses have similar organizational structures. Institutions operate within an environment composed of other institutions (institutional environment). In layman’s terms. Peer pressure affects the decisions of other organizations. Thus, organizations try to survive by establishing legitim acy in the world. Such organizations influence how a person behaves through rules, norms, and standards. According to Woods, The world bank is struggling to fund IDA (788) where the U.S. cut funding on IDA. Likewise, the HIPC situation indicated the United States Congress is funding its debt relief in 2000. Constructivism (ideas), theory that states knowledge is based on mental activity. Learners have to be active organisms seeking meaning. The learners are individuals or groups seeking for meaning. Here, individuals create their own reality.

-Operation and Supply Management Essay Example | Topics and Well Written Essays - 1000 words

-Operation and Supply Management - Essay Example Six Sigma is a systematic approach that enables working in an organized manner. Six sigma is a path way to implementing Total Quality Management in the organization. Definition of roles and responsibilities is an important feature of six sigma; the definition helps in a great way approaching various tasks. The roles are defined in a specialized manner according to the need of every organization, and it ensures assigning the right job to the right person. The roles are named after martial art ranking namely black belt, green belt and yellow belt along with champions and team leads. Based on the level of achievement these three categories are placed in a chronological order. As would the ranking imply, black belts are the leaders in the front tier who are directly associated with process definition and improvement initiatives .Green belts provide support and assistance to the black belts .Yellow belts are relatively novice and help facilitating the green belts and black belts. The definition of roles and responsibilities help in dividing the task and channelizing it according to the need. Leaders at the top level provide guidelines and help providing direction. Champions constitute the middle management and other concerned officials who are directly involved in taking on an endeavor (Pries, 2006). Team members are essential part of six sigma roles, and they make up for the backbone of any process performed under the considerations of six sigma approach. Six sigma puts equal onus on all of the above mentioned and in such an environment each of the individual is expected to work to their capabilities. A simple solution to obtaining productive results is simply sticking to the basic principles of quality management system which are coherent with six sigma approach. An important characteristic of six sigma approach is the encouragement to participate .Participation allows introduction of new ideas in the organization which in return provides options for

To Kill a Mockingbird Essay Example for Free

To Kill a Mockingbird Essay Frank Barron, a professor in Psychology once said, â€Å"Never take a persons dignity: it is worth everything to them, and nothing to you. † Scout Finch is a wise, young and respectful girl who lives in a little town in Alabama called Maycomb. Scout lives with her older brother Jem Finch and her father Atticus Finch. Scout has a fuse when it comes to her temper, so when something sets her off she shows it. In Harper Lee’s To Kill a Mockingbird, the character of Scout Finch is revealed to the reader as a respectful character through standing up for her father, and respecting her Uncle Jack in forgiving him for what he had done wrong to her. Scout is respectful and also loyal to her father Atticus. By standing up for her father to whoever has a negative opinion about him, Scout shows how loyal and courteous she really is to her father. Scout may not be too fond with the fact that Atticus is helping out an African American man, but she does respect his decision and intends on supporting her father regardless. Scout will always support Atticus if she has to and shows every person in the town of Maycomb just who really is the bigger person in the entire situation. Scout shows respect for her father when she declares to her immature cousin â€Å"he is not! I don’t know what you’re talkin’ about but you better cut it out this red hot minute† (Lee 110). Just as Scouts respect is seen toward her father Atticus, it can also be seen towards her Uncle Jack. Scout is reverential and also forgiving of her Uncle Jack. By giving her Uncle Jack a second chance after he decided to give Scout a beating for a crime that she did not commit against her cousin, Scout is being a merciful person. Scout is also considerate about the situation because she is aware that her uncle does not know the entire story or the truth of what actually happened between Scout and her cousin. After Scouts uncle attempts to reason with Scout about the situation and Scout tells her uncle the truth, the problem gets resolved. Scout shows real character and how respectful, forgiving, and how fair of a person she really is when she admits to her Uncle Jack â€Å"I reckon I love you even after what you did† (Lee 112). Because of Scouts reaction to this incident and how she was able to resolve it, Lee created Scouts character in this book to show how forgiving, understanding, and respectful someone could be. Harper Lee once said â€Å"Im no idealist to believe firmly in the integrity of our courts and in the jury system that is no ideal to me, it is a living, working reality. Gentlemen, a court is no better than each man of you sitting before me on this jury. A court is only as sound as its jury, and a jury is only as sound as the men who make it up. † Lee portrayed the character of Scout Finch as the way she did to demonstrate to the readers of To Kill a Mockingbird that all people in this world are different, yet the same, and it does not matter if a person is black, white, tall, short, fat, skinny, old, young, redneck or hillbilly, no matter who the person is because that person is a human being and has all of the same rights as everyone else in this world. Scout Finch shows the readers that she may not be sure about a lot of different things but she does understand that no two people are alike and Scout demonstrates that throughout the entire book with the different ways she deals with different challenges which may come her way. In Lee’s To Kill a Mockingbird, Scout Finch is portrayed as a young girl of morals and mature wisdom in her life and her surroundings. A girl like scout in today’s society may be seen as a rebel for speaking her mind and standing up for what she believes in. Though family loyalty still exists in today’s society, it has become less and less of a forgiving and compassionate society toward others. Scouts compassion for loyalty, truth and forgiveness help her to stay grounded and work through life which are strong characteristics for anyone. In today’s society, these characteristics are more important than ever because today’s standards are good, better, and the best.

Marks and Spencer Internal and External Factors

Marks and Spencer Internal and External Factors Analysts did not expect there to be a double-dip recession first, but changes in consumer spending trends raised concerns for keeping a keen eye on consumer confidence by carrying out in-depth customer surveys every month. This was to become and stay realistic. Leaders of large firms are very cautious regarding UK economic environment. UK is considered to come through the deepest ravages of the economic turmoil recently and in such a situation still MS managed to post profits of  £632.5m for the last financial year. With the worst effects of the recession behind , the strong foundations in place, and its core values helped MS set for growth under hard circumstances. At  £632.5m, MSs adjusted pre-tax profits for the 12 months to 27 March were 4.6% higher than a year ago but well below the  £1bn profits achieved in 2008. These stats along with the new budget announcement, impact on consumer spending remains a cautious issue and will have impact on outlook for the year ahead. Business Environment Analysis PESTLE The external environment of Marks Spencer is comprised of all the elements that determine what the it needs to compete in its respective industry. Following is highlighted some factors of MAs external environment and how they effect Marks Spencer in executing its strategies: (P)OLITICAL European Integration and Free Trade Agreements have opened up markets for British other Companies to invest in Europe. Thus, causing MA to fight hard to maintain its market share with aggressive strategies. Generally any trade is allowed in UK provided that it does not oppose public policy, public order, or any existing law in the land. But for Marks and Spencer, the most troublesome political elements that they have to contend to deals with the issue of labour laws and industrial relationship. In the long history of MA, its development efforts have been controlled by many infringements in labour laws in local operations and also in international initiatives. (E)CONOMIC UK Retail sector is quite recession prawn and also very sensitive to changes in interest rates. With the event of September 11, the world economies have suffered heavily, Once the customers and economy was on boom track after September 11 post effects, the financial crisis of 2009-09 has again set the economies struggle for survival. UK economy after fighting hard has now regained its system and consumers are again optimistic and the retail industry is once again booming. The United Kingdom being a hub of commerce in Europe, has consumers not limited to only locals but flocks of tourists also, thus creating much variations in base trends and retail business. (S)OCIAL Changes in consumer taste and lifestyle represent both opportunities and threats for the industry. UK consumer have a loyal tendency particularly towards brand. Quality of the product, but these factors can be easily overcome by fairly competitive pricing strategy from a competing brand. Moreover, consumers preference towards trendy styles rather than classics are also apparent in UK consumer market. This is specially in case of Marks and Spencer, as it has struggled hard to gain a greater market share of its customers. This makes evident that UK consumer places high value on their money. (T)ECHNICAL Changes in retailing methods such as Internet used as online shopping store is a common practice in retailing, widening the scope of ecommerce. Moreover, Paperless operation and use of IT systems has provided flexibility in the executing operations of the business. Online marketing activities over the net is also becoming one of the competitive advantages held by the leading retail companies in UK. (E)NVIRONMENTAL The renewable and environmentally friendly sources of resources used in production are opted by most of the companies across globe now which has posed greater struggle for companies to maintain its market share. For Marks Spencer, careful use of fabric and raw materials is a greater concern now. (L)EGAL National legislation for health and safety both in terms of consumer rights and also in terms of production of own natural renewable resources for making clothes is closely monitoring practices of companies so as to evaluate them on complying with legal restrictions . Analysis of the External Environment of Marks and Spencer The retail environment in UK appears to be extremely attractive. Companies, although have government support still there exists in the market some level of difficulty in penetrating the retail market, especially for new entrants, due to the strong hold of monoliths This is also true companies like Marks and Spencer, having strong historical background that their environment is essentially welcoming and neglecting the fact of cutthroat nature of the competition there are chances of immense demise for companies. PORTERS 5 FORCES Porter explains that five forces exist in a market, which determine the intensity of competition and profitability of MS . The first is the threat posed by new entrants, the high capital expenditure and customers changing expectations put significant barriers to entry, making market also sensitive to reputation. But, with emergence of low cost manufactures a significant threat is posed for MS market. There is an opportunity in the low price/ low economy (fast) sector and BHS and Top Shop or ASDA may also consider introducing low cost home products. The second is the threats from substitutes, as there are many retailers in both clothing and food sector, MS has serious concerns regarding this. The third force is the threats from the bargaining power of buyers, this is strong for both MS and the entire food retailing industry with a large number of alternative suppliers, hence, the aggressive pricing strategy which causes strong competitive rivalry in the industry and is getting intensified because of little or no differentiation in the basic product offered. Last is the threats from the suppliers bargainin g power which is considerably low for food industry, due to a range of alternative sources of supply available for products. SWOT SWOT Analysis will help us in understanding Marks Spencers current situation in terms of strengths and where improvements are required within the business and what outside environmental threats it faces along with what new opportunities are available in the short and medium term. (S)TRENGTHS Diverse ranges of Products Food, Clothing, Financial products, furniture, wine and Home Largest retailer in the United Kingdom by sales. Strong Cash Flow Position Increase turnover and trading profits Leading Premium Quality Food Retailer Brand Awareness (O)PPORTUNITIES New Products Innovation Alliances Customers demand change to more value for money products Develop overseas supply chain (W)EAKNESSES Perception of High Prices Customer disinterest Environmental issues: Pollutions Substitute products or technologies (T)HREATS New existing competition Volatility in Price of raw products New legislations Economic recession Low cost retailers  · Extremely high competition Analysis of the Macro environment Microenvironment MS is rated a successful multinational corporation. It has created its large number of loyal customer base by providing them with its high quality, good service, comfortable shopping environment and convenient access to outlets and products. But, due to the immense competition in market and also MSs own wide product ranged offered it has to revise its marketing segmentation approach, especially in reference to clothing market. Consumers have changing fashionable design and coloring requirements and MS as is facing different target markets need to change its designs, cuts and color schemes to meet their demands. These need to specific and separate for women and young consumers who are its main target. MS also needs to enhance stock management. Combing its information technology system with stock management ca help MS find problems immediately and solve them efficiently to supply products timely. MS also needs to consider the global economic environment, where the economic recession has caused deciling sales for MS, it should focus more towards mid-age and mid-class as its target group as now their incomes can afford the high price of MS. Trend Impact Analysis Proposed Strategic Plan for MS After doing analysis of the environment of the MS, the proposed strategic plan will be considering both the internal as well as external environment. Initially its value chain should be focused on: Value Chain The value chain of the organisation is coined primarily by Porter as a tool to recognise the inherent capabilities of the organisation to realise its competitive advantage. The following will describe the primary activities and support activities of the company. Primary Activities The primary activities take in hand several specific functions of the company: inbound logistics, operations, outbound logistics, sales and marketing, and service. Marks and Spencer receives its inventories from its suppliers, initially the strategy was to stay limited to English suppliers but eventually this trends is now shifting and now suppliers include international suppliers also. Marks and Spencer is involved in the direct selling of apparel, foodstuff, and even home furnishings. The sales and marketing of the company should be the most prioritised elements for the organisation, due to the intense competition present in the industry, vying for consumer favour and to add value to the brand , it takes a step above the rest of these primary activities. Support Activities For these support activities, the company needs to have hold of its f human resource and technology, where with help of proper training of common employee, the company can ccreate knowledge of its products and their awareness during the processes of selling to customers. Use of technology in similar manner can significantly infused in the operations of Marks and Spencer. This includes providing online transactions and loyalty cards on which they should be doing continuous improvements and innovation. Strategic Options Available To create sound strategic options for the MS, they must consider the benefits and impacts those can have on company financial position and customer base also. Following are discussed some options which following the current recession and UK competitive market structure can be of good benefit for the company   Brand repositioning: this technique if used to create fresh feeling in the minds of customers for the brand after frequent intervals. Moreover brand repositioning requires a lot of work on new targets, segments and options, the changing consumer trends and demands can be well handled by MS using such strategies The rapid competition demand fast and logical decisions which are flexible and designed in such a ways that immediate implementation is possible as customers dont have time now and immediately switch to other brands. Thus the structure of decision making should be redesigned to make it more integrated and flexible. Of the many strategic options available for Marks Spencer it appears that Marks and Spencer could focus on to refurbishing its operations. For instance, the company should look into a partnership with the more current and competitive players in the retail industry. This can help broaden the overall outlook of Marks and Spencer regarding their standing in the market. Marks Spencer needs to move ahead with major technology-driven change projects, despite cautiousness over the economy. Improvement in systems can also take place to improve supply chain processes which includes enhancing stock management systems to provide more accurate real-time stock level information. Getting Cost efficiencies by introducing some new point-of-sale system and better customer service to all stores Building a strong multichannel capability can also be useful which will result in more website development and introduction attractive and more efficient facilities and stock availability information for customers

Phoenix Jacksons Story in A Worn Path :: essays research papers

"Little by little, one walks far." Peruvian Proverb As this cherished saying from Peru is implying, great things never happen in single leaps. It takes small steps, and plenty of determination, to get to the end. Phoenix Jackson, an elderly African-American, is a great example of this proverb as she walks that long distance to town, determination in her every step. Even in her old age Phoenix is a shining example of what can be accomplished with determination. Phoenix?s unwavering determination is clearly evidenced in her reaction to the dog, in her meeting with the hunter, and in her personal battle of age. One aspect of determination is the bravery to keep going no matter what may happen, which Phoenix displays often throughout the story. When Phoenix was attacked by a large black dog on her way to town, the elderly woman was unfazed. While some people would have panicked, Phoenix simply laid ?there and presently went to talking. ?Old woman,? she said to herself, ?that black dog come up out of the weeds to stall you off, and now there he sitting on his fine tail, smiling at you??. Phoenix?s reaction to the dog was one of good humor, which shows that even though she was startled, she was not flustered in the face of danger. After being tackled by the large dog, a hunter with a dog of his own comes along and rescues the Phoenix. After the hunter had shooed the large dog away, he pointed the barrel of his gun directly at Phoenix. She was unfazed and if anything she stood up straighter. When the hunter asked if the gun scared her, she replied, ?No, sir, I seen plenty go off closer by, in my day, and for less than what I done.? Phoenix?s bold statement hints at her probably tragic past, which undoubtedly shaped her to become the woman she is today. Determination alone is not enough to accomplish a task. Motivation is needed as well. For Phoenix, she has her grandson, who needs medicine from town or else he could not breathe. At the doctor?s office, the nurse explained to the attendant the ?she doesn?t come for herself- she has a little grandson. She makes these trips just as regular as clockwork.? Phoenix, even in her old age, travels that long way in every kind of weather, just to ensure her young grandson?

Pie 123

1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge   monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal  economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  eac h  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms' pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29.Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costsà ‚  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above.Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner's  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product.C. earns  zero  econ omic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  v alue  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21.Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect.D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. -> -> ? ? ——————————-Ch9————————————à ¢â‚¬â€Ã¢â‚¬â€- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B.Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion.B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B.Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likel y  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  ofA. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  i ndustries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above.Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  t he  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countriesA. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  incomeà ‚  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A.Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  expo rts.D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economicà ‚  policies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E.Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies.What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B.Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economiesAnswer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  uppe r middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B Pie 123 1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge   monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal  economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  eac h  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms' pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29.Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costsà ‚  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above.Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner's  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product.C. earns  zero  econ omic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  v alue  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21.Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect.D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. -> -> ? ? ——————————-Ch9————————————à ¢â‚¬â€Ã¢â‚¬â€- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B.Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion.B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B.Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likel y  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  ofA. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  i ndustries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above.Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  t he  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countriesA. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  incomeà ‚  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A.Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  expo rts.D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economicà ‚  policies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E.Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies.What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B.Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economiesAnswer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  uppe r middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B