The Stability and Flow of Goods in Global Supply Chains

question 6

Multiple Choice

The stability and flow of goods in global supply chains can be improved by ______.

• A)increasing the carbon footprint
• B)minimizing orders for changes in parts,assemblies,specifications,engineering drawings,and documents
• C)producing products that are easy to manufacture
• D)using only local resources

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, such as labor or capital.

Land

Refers to natural resources or the surface of the earth, including fields, forests, and minerals, which are used for production.

Henry George

Henry George was a 19th-century economist and social philosopher known for his advocacy for a single tax on land value to address social inequalities.

Single Tax

Single tax refers to a fiscal policy proposal where one type of tax, often on land value, replaces all other taxes to simplify the tax system and address economic inequality.