__________ Has Deep Roots in American Communities and Is Used

question 1

Multiple Choice

__________ has deep roots in American communities and is used by community boosters, usually unelected business elites; it is growth for growth's sake.

• A) Normative goal-oriented planning
• B) Exploitive opportunity seeking
• C) Ameliorative problem solving
• D) Allocative trend modifying

---

Definitions:

Economic Profit

Economic profit is the difference between total revenue and total costs, including both explicit and implicit costs, measuring the performance exceeding the opportunity costs of resources used.

Fixed Costs

Expenses that do not change with the level of production or business activity within a certain range or period.

Short-Run Marginal Cost Curve

A graph that shows the cost of producing one more unit of a good or service in the short term, when some factors of production are fixed.

Optimal Level

The most efficient, effective, or desirable point or degree in a process, situation, or system.