The Space on the Freeway Is Fixed at Any Instant

question 29

Multiple Choice

The space on the freeway is fixed at any instant of time.A supply curve that shows this is

• A) perfectly horizontal.
• B) upward sloping.
• C) downward sloping.
• D) perfectly vertical.

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Definitions:

Authoritarian Governments

Forms of government in which a single entity or a small group possesses significant power, dictating policies and procedures without substantial public participation or opposition.

Transnational Corporations

Large businesses that rely increasingly on foreign labor and foreign production; skills and advances in design, technology, and management; world markets; and massive advertising campaigns. They are increasingly autonomous of national governments.

Globalization

The process by which formerly separate economies, states, and cultures are tied together and people become increasingly aware of their growing interdependence.

Dependency Theory

A theory proposing that economic conditions in poorer countries are the result of exploitative policies and practices by more developed countries.