Opportunity Cost of Attracting Industry

question 3

Essay

Opportunity Cost of Attracting Industry
The Itagi Computer Company From Japan is looking to build a factory for making DVD burners in the United States.The company is concerned about the safety and well-being of its employees and wants to locate in a community with good schools.The company also wants the factory to be profitable and is looking for subsidies from potential communities.Encouraging new business to create jobs for citizens is important for communities,especially communities with high unemployment.
Wellville has not been very well since the shoe factory left town.The city officials have been working on a deal with Itagi to get the company to locate in Wellville.Itagi officials have identified a 20 acre undeveloped site.The city has tentatively agreed to buy the site for $50,000 for Itagi and not require any payment of property taxes on the factory by Itagi for the first five years of operation.The property tax deal will save Itagi $3,000,000 in taxes over the five years.This deal was leaked to the local newspaper.The headlines the next day were:"Wellville Gives Away $3,000,000+ to Japanese Company".
Required:
a.Do the headlines accurately describe the deal with Itagi?
b.What are the relevant costs and benefits to the citizens of Wellville of making this deal?

Identify factors affecting child health including exercise, nutrition, and medical treatments.

Comprehend the basics of neurodevelopmental disorders like ADHD and dyslexia.

Grasp the theoretical frameworks of moral development by Piaget and Kohlberg.

Apply Piaget's theory of education and cognitive development in the classroom setting.

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Definitions:

Divide Labour

The process of breaking down work into distinct tasks that are distributed among different workers or groups, aiming to increase efficiency and productivity.

Coordinate Labour

The organization and alignment of worker efforts and tasks to ensure efficient and effective achievement of collective goals.

Achieve Goals

The process of setting targets and successfully reaching them through planning and effort.

Top Executives

Individuals who hold the highest management positions in an organization, responsible for overall strategic decisions.