The Text Observes That Today, Most Local Communities Have Chain

question 18

Multiple Choice

The text observes that today, most local communities have chain stores, branch banks, schools, and churches that serve the local community but are affiliated with metropolitan or national organizations. Warren refers to these ties as

• A) face-blocks.
• B) vertical patterns of integration.
• C) defended neighborhoods.
• D) community neighbors.

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Definitions:

Capital and Labor

The primary factors of production, where capital refers to physical assets used in production, and labor refers to the human effort contributing to the production process.

Hourly Price

Refers to the cost associated with buying a good or service measured per hour.

Wage Rate

The amount of compensation paid to employees for their labor, often expressed per hour, day, or piece.

Alternative Technologies

Different methods or processes available for producing goods and services, often considered in the context of replacing or improving current production techniques.