After Exploring Much of the West, Geologist John Wesley Powell

question 112

Multiple Choice

After exploring much of the West, geologist John Wesley Powell advised in 1874 that

• A) the rush of settlers was devastating the western environment.
• B) land west of the 100th meridian could not be farmed without extensive irrigation.
• C) damming western rivers for irrigation purposes would damage mountains and forests.
• D) mining was the only industry that could sustain the western economy.
• E) irrigation was not necessary for farming west of the 100th meridian because of adequate rainfall and fertile lands in this region.

Identify key strategies in supply-chain management including many-suppliers, few suppliers, vertical integration, and keiretsus.

Comprehend the significance of make-or-buy decisions in a firm's supply-chain strategy.

Understand the role of integration strategies such as backward and forward integration in supply-chain management.

Grasp the importance of inventory management and the impact of the supply chain on a firm's cost strategy.

---

Definitions:

Private Investment

Spending by businesses or individuals on capital goods, such as factories, machinery, and homes, which is used to produce goods or services.

Demand For Loanable Funds

The total quantity of loans that borrowers are willing to take out at various interest rates, holding all else equal.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity supplied, leading to a balance in the money market.

Equilibrium Level Of Saving

The point at which the amount households save equals the amount they invest, resulting in a balance within the economy's financial resources.