What Is the Cause of Economism as One of the Main

question 60

Multiple Choice

What is the cause of economism as one of the main views of development?

• A) The Cold War
• B) Imperialism
• C) The conflicts between Global North and Global South
• D) Early modernization theories
• E) Postmodernism

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Marginal Cost

The rise in expense associated with manufacturing an extra unit of a product or service.

Shut Down

A short-term decision by a company to cease operations temporarily due to unfavorable market conditions or to minimize losses when variable costs exceed total revenues.

Maximizes Profit

The strategy or process implemented to increase the difference between total revenue and total costs to the highest possible amount.