Questions by bjenkins - Page 22
Let U=(1, 2, 3, 4, 5, 6, 7, 8), A={1, 2, 3, 6), and B=(3, 4, 5). Find the set An B. ANB=
In the article of Chen and Lan. "There will be killing Collectivitation and death of draft animals. American Economic Journal: Applied Eco- nomics 94 (2017, the number of draft animals was reduced to a great extet following the collectivization movement 1953-1957. In their twin paper "Tractors animal Rural reforms and technology adoption in China Journal of Development Economics (2020), the tractor-plowed ar- as was reduced and then increased, while the number of draft animals was increased after 1978. 16. Which of the following statements is NOT the economic reason of the collectivitation movement during 1953-1957 A. Small households should be unionized became they are scattered. isolated and unable to restrik B. The need to develop scale economy in agricultural sector in onder to support industrialization of the state. C. To integrate the production materials, such as land, animals, capital and laber, so as to improve the production efficiency. D. To facilitate coordination via a unified people's comune 17. Which of the following statements is NOT the reason of inefficiency of collectiviration? A. Farmers joining the cooperatives tend to free-ride on the contribu tion of other farmers B. Without owning land or other amets, the bargaining position of households are weakened, leading to low incentive to protect the col lective at C. The fixed wage or rutal system reduce the incentive of farmers to make more efforts. D. The double marginalization problems between farmers and the co- operatives reduce their incentive of making efforts. 18. Which of the following statements is NOT the economic reason of the efficiency gain in 1976? A. Households have ownership of production materials like tractors and draft animals. B. There is a technological improvement to replace large tractor by small tractors when cultivating fragmented land. C. The people's comme allocates the production roures in a more efficient way. D. Farmers have control rights over land use 19. Which of the following statements is NOT the feature of the rural household responsibility system in China? A. Production and labor decision belongs to hold B. The contracting and management rights of land go to the State C. Land ownership belongs to collective commune. D. The rights to circulate, rent, use and claim income from land go to individual households 20. Which of the following statements is NOT the strategy of rural revi talization for nowadays China? A. To develop scale economy B. To have pleasant living environments C. To improve governance efficiency D. To live instit
Lisa Jennings thought that at long last, her company, Assurance Technologies, was about to win a major contract from Sealgood Instruments. Sealgood, a maker of precision measuring instruments, was sourcing a large contract for component subassemblies. The contract that Assurance Technologies was bidding was worth at least $2.5 million annually, a significant amount given Assurances annual sales of $30 million. Her team had spent hundreds of hours preparing the quotation and felt they could meet Sealgoods requirements in quality, cost, delivery, part standardization, and simplification. In fact, Lisa had never been more confident about a quote meeting the demanding requirements of a potential customer.Troy Smyrna, the buyer at Sealgood Instruments responsible for awarding this contract, called Lisa and asked to meet with her at his office to discuss the specifics of the contract. When she arrived, Lisa soon realized that the conversation was not going exactly as she had expected. Troy informed Lisa that Assurance Technologies had indeed prepared a solid quotation for the contract. However, when he visited Assurances facility earlier on a prequalifying visit, he was disturbed to see a significant amount of a competitors product being used by Assurance. Troy explained his uneasiness with releasing part plans and designs to a company that clearly had involvement with a competitor. When Lisa asked what Assurance could do to minimize his uneasiness, Troy replied that he would be more comfortable if Assurance no longer used the competitors equipment and used Sealgoods equipment instead. Lisa responded that this would mean replacing several hundred thousand dollars worth of equipment. Unfazed, Troy simply asked her whether or not she wanted the business. Lisa responded that she needed some time to think and that she would get back to Troy in a day or so.Assignment Questions1. The buyer at Sealgood Instruments, Troy Smyrna, is practicing a certain type of unethical behavior. What is the term for this behavior? Why is it considered unethical?2. What should Lisa do in this situation? Formulate a response.