After Investigating an Idea to Open a Rooftop Restaurant in the Downtown

question 53

Multiple Choice

After investigating an idea to open a rooftop restaurant in the downtown area of your community,you discover that any rooftop restaurant would violate city regulations.These circumstances would not be considered normal due to:

• A) innovation.
• B) market failure.
• C) intervention.
• D) goals other than profit.

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Definitions:

Efficiency

The ability to achieve a desired output or outcome with the minimum amount of input, effort, or waste.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to an increased interconnectedness of the world's economies, cultures, and populations.

Cosmopolitanism

An ideology or disposition characterized by an openness and appreciation of diverse cultures, beliefs, and backgrounds.

Tourists

Individuals who travel to and stay in places outside their usual environment for leisure, business, or other purposes for not more than one consecutive year.