An Art Museum Decides to Offer Tours by Having Visitors

question 87

Multiple Choice

An art museum decides to offer tours by having visitors listen to cassette tapes rather than have tour guides. The museum is answering the part of one of the two big economic questions.

• A) ʺwhatʺ
• B) ʺscarcityʺ
• C) ʺhowʺ
• D) ʺwhyʺ

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Definitions:

Home Country Laws

The regulations and legal framework that govern the operations of businesses and individuals within a country's borders.

Sweatshops

Businesses that employ workers at very low wages for long hours in poor working conditions.

Executives

Senior-level employees responsible for making decisions and managing the operations within an organization.

Transnationals

Companies that operate on a global scale, transcending national boundaries in their business operations and strategic planning.