Numerous Resources Are Available to Assist in Developing an Understanding

question 9

Multiple Choice

Numerous resources are available to assist in developing an understanding of a company's competitive environment.The U.S.Census Bureau collects a wide array of statistics and makes them available through which of the following sites?

• A)HYPERLINK "http://www.census.gov/" http://www.census.gov/
• B)HYPERLINK "http://www.stats.com/" http://www.stats.com/
• C)HYPERLINK "http://www.census.com" http://www.census.com/
• D)HYPERLINK "http://www.statistics.gov" http://www.statistics.gov/

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with fixed resources and technology over a given period of time.

Unemployment Rate

A metric that calculates the fraction of the working population that is without a job and seeking employment.

Technology Improvement

Enhancements or innovations in technology that lead to better products, more efficient production processes, or new industries.

Opportunity Cost

The abandonment of possible advantages from other paths when deciding on one.