In the Very Long Run, Theoretically There Will Be

question 56

Multiple Choice

In the very long run, theoretically there will be
Equilibrium if capital and labor are free to migrate.If
And when this ever happens, what will the global
Economy experience?

• A)an equality of wages and marginal product
• B)an equality of returns to the owners of capital
• C)a fully Pareto­efficient world economy with the highest standard of living possible
• D)an equality of wages and marginal product, an equality of returns to the owners of capital, and a fully
• Pareto­efficient world economy with the highest
• Standard of living possible

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Definitions:

Marketing Mix Actions

Strategies and tactics adopted in varying the four Ps (Product, Place, Price, Promotion) to meet customer needs and reach marketing objectives.

SWOT Analysis

SWOT Analysis is a strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Planning Phase

The initial stage of a project or business strategy, where goals are set and tasks are outlined to achieve those goals.

Market-Product Grids

A strategic planning tool used to visualize and analyze relationships between different markets and products, facilitating decisions on where to focus marketing and product development efforts.