Which of the Following Is a Main Source of Increasing

question 204

Multiple Choice

Which of the following is a main source of increasing returns in recent years?

• A) more learning by doing
• B) the concentration of development costs
• C) the use of less specialized inputs as firms grow
• D) more resources devoted to agricultural production

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Definitions:

Termination

The action of bringing something to an end, such as a contract, employment, or an agreement.

Franchise Agreement

A Franchise Agreement is a legal contract between a franchisor and franchisee, detailing the rights and obligations of each party in the franchise relationship.

UCC and Contract Law

Reference to the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, and the broader area of law dealing with agreements between parties.

Agency Law

A body of law concerning the relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.