Based on Scenario 6.1 above, if a tariff of 20 percent is placed on imports of dining room tables, and another tariff of 50 percent is placed on imports of wood and parts, then the effective rate of protection on tables made in the United States is

When the ________ system of voting is used, each voter ranks alternatives and awards more points to higher-ranked alternatives and fewer points to lower-ranked alternatives. The alternative that receives the most total points from all voters wins

Fill in the blank(s) with correct word

Adam got a job in a multinational company. He was told during the orientation session that he will not be terminated for poor performance during the first six months of his work

Adam immediately decided to put minimum effort into the job during these months. His behavior is an example of ________. A) a positive externality B) moral hazard C) the prisoners dilemma D) the free-rider problem