Which of the Following Factors of Production DO NOT Flow

question 16

Multiple Choice

Which of the following factors of production DO NOT flow freely between countries?

• A) raw materials
• B) financial capital
• C) (non-military) technology
• D) All of the above factors of production flow freely among countries.

Differentiate between joint products and by-products and understand the methods for costing and decision-making related to each.

Understand the concept of joint costs and their relevance in decision-making.

Distinguish between sunk costs, opportunity costs, and relevant costs for decision-making.

Apply various methods for allocating joint costs in different scenarios.

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Definitions:

Executive Order 11246

A U.S. Presidential mandate that requires government contractors to practice affirmative action and prohibit discrimination on the basis of race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A legal term that allows employers to make hiring decisions based on specific attributes when those attributes are essential to the job.

Disparate Treatment

A form of discrimination where individuals are treated differently based on protected characteristics, such as race, gender, age, or religion, in employment and other settings.

Disparate Impact

A concept in employment law where policies or practices have a disproportionately adverse effect on a protected group, even if unintentional.