If Someone Invents a Better Way to Produce Frozen Pizzas

question 62

Multiple Choice

If someone invents a better way to produce frozen pizzas, then

• A) The market supply curve for frozen pizzas will shift to the right.
• B) The market supply curve for frozen pizzas will shift to the left.
• C) There will be a movement up along the market supply curve for frozen pizzas.
• D) There will be a movement down along the market supply curve for frozen pizzas.

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Definitions:

Corporate Human Capital

Company-specific knowledge, skills, and abilities that transcend any particular location within the entire global company, not simply the collective knowledge of the staff at headquarters.

Location Specificity

Refers to the unique attributes or characteristics that are specific to a particular geographic location.

Company Specificity

Features or characteristics unique to a particular company that differentiate it from its competitors.

Local Human Capital

The collective skills, knowledge, and experience possessed by individuals within a local region, contributing to its economic development.