Which of the Following Was NOT an Important Factor in the Origins

question 1

Multiple Choice

Which of the following was NOT an important factor in the origins of transnational organized crime?

• A) the expansion of multinational corporations
• B) the opening of national borders to trade
• C) growing economic independence
• D) all of the choices were factors

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Definitions:

Shut-down Price

The price level at which a business's revenue just covers its variable costs, below which it will cease operations.

Average Variable Cost

The average cost of variable inputs (like labor and materials) per unit of output produced.

Minimum

The lowest point on a nonlinear curve, where the slope changes from negative to positive.

Economic Profit

The difference between the total revenue received by a business and the total implicit and explicit costs of a business.