Equilibrium Factor- Price Differentials

question 12

Multiple Choice

Equilibrium factor- price differentials

• A) may be caused by differences in the intrinsic qualities of factors.
• B) will be eliminated when the allocation of resources is in long- run equilibrium.
• C) are unrelated to acquired differences in factors.
• D) tend to be self- eliminating.
• E) are unrelated to differences in non- monetary benefits.

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Definitions:

Team Effectiveness

The degree to which a team achieves its objectives, meets the needs of its members, and sustains itself over time.

Context Factor

Any variable that can significantly impact the outcome or nature of a research study, project, or scenario, depending on its setting or environment.

External Environment

All external factors and forces outside an organization that affect its performance and strategies.

Team

A team is a group of individuals working collaboratively towards a shared goal, often complementing each other's skills and strengths.