Which of the Following Factors of Production DO NOT Flow

question 16

Multiple Choice

Which of the following factors of production DO NOT flow freely between countries?

• A) raw materials
• B) financial capital
• C) (non-military) technology
• D) All of the above factors of production flow freely among countries.

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Definitions:

Globalization

The increasing interconnectedness and interdependence of the world's markets, cultures, and populations.

Influential

Having the power to sway decisions, opinions, or the development of events, often used to describe persons or ideas that have a significant impact.

Cumulative Costs

entail the total expenses incurred over time, considering all resources expended or lost, including indirect and direct costs.

Operations

The activities and processes designed to deliver a product or service effectively and efficiently.