The Idea of an Organization Being an Open System Was

question 34

Multiple Choice

The idea of an organization being an open system was borrowed from this discipline.

• A)mathematics
• B)the physical sciences
• C)game theory
• D)psychology

Identify the effects of external influences on market operations, such as advertising and external costs.

Apply mathematical models to represent economic scenarios.

Analyze the impact of individual and collective decision-making on utility and profit.

Understand the concept of cost functions and their impact on production decisions.

---

Definitions:

World Price

The international market price at which goods can be bought or sold, often used in the context of trade policies and competition.

Tariff Revenue

is the income generated by a government from the imposition of tariffs, which are taxes on imported goods.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries or to generate revenue.

United States

A country located in North America known for its diverse culture and significant influence in world politics, economy, and culture.