Heross Plastic Inc

question 49

Multiple Choice

Heross Plastic Inc. is one of the largest producers of plastic goods and appliances. If it decides to do all its exports by shipping the goods by sea, then it is most likely to:

• A) use existing overland routes.
• B) bear a heavy cost compared to air freight.
• C) get its goods delivered later when compared to air transport.
• D) not be limited to exporting goods via available coastal ports.

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Definitions:

Immigration

The action of moving to a foreign country to live permanently, often driven by factors such as employment opportunities, better living standards, or family reunification.

Technological Change

Technological Change refers to advancements and innovations in technology, which can significantly impact productivity, economic growth, and the way society operates.

Labor Supply Curve

A graphical representation that shows the relationship between the quantity of labor supplied and the wage rate.

Technological Progress

The advancement in technology which increases production efficiency and productivity.