According to Robert E

question 64

Multiple Choice

According to Robert E.Hall and Charles Jones,successful economic performance requires

• A)a favorable infrastructure of rules and institutions.
• B)minimizing corruption and criminality.
• C)the use of one of the eight major international languages.
• D)A and B.
• E)all of the above.

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Definitions:

Dummy Sources

Artificial shipping source points created when total demand is greater than total supply to effect a supply equal to the excess of demand over supply.

Transportation Problem

A logistical dilemma involving the determination of the most cost-efficient routing of goods from several supply points to various demand locations.

Routes

The paths or courses taken to get from one location to another, often used in logistics, navigation, and network design.

Optimal Solution

The best possible outcome or answer found through a particular process of calculation, reasoning, or problem-solving, considering all constraints and objectives.