World Cities Are Most Closely Integrated into the Global Economic

question 26

Multiple Choice

World cities are most closely integrated into the global economic system because they are

• A) at the center of the flow of information and capital.
• B) control the flow of labor and technology.
• C) contribute money to local, regional and national candidates for elective officers.
• D) at the heart of the supply chain and make sure goods move freely.
• E) integral to the functioning of democracy.

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Definitions:

Productive Resource

Assets, materials, or inputs used in the production of goods and services, including labor, capital, and natural resources.

Factor Demand

The demand for production inputs (such as labor, land, and capital) by firms, determined by their need to produce goods and services.

Wage Rate

indicates the amount of money paid per unit of time worked, typically per hour or year, influencing labor costs and economic decisions.

Total Product

The total output of goods or services produced by a firm or economy, typically measured over a specific period.