Flexibility Can Be Achieved with

question 96

Multiple Choice

Flexibility can be achieved with

• A) movable equipment
• B) inexpensive equipment
• C) sophisticated electronic equipment
• D) modular equipment
• E) all of the above

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Definitions:

Economic Report

A document or presentation that provides analysis and information on the economic performance of an economy, sector, or market.

Positive Economics

A branch of economics that focuses on describing and explaining economic phenomena as they are.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.

Microeconomics

Microeconomics analyzes individual decision makers and markets, focusing on supply and demand, price, and output decisions in individual markets.