Which One of the Following Is Not a Common Type

question 4

Multiple Choice

Which one of the following is not a common type of driving force?

• A) entry or exit of major firms
• B) changing societal concerns,attitudes,and lifestyles
• C) diffusion of technical know-how across more companies and more countries
• D) increasing efforts on the part of industry members to collaborate closely with their suppliers
• E) technological change and manufacturing process innovation

Interpret the impact of external factors such as weather, income changes, and government interventions on market equilibrium.

Predict the effects of supply and demand shifts on the equilibrium price and quantity in graphical representations.

Examine the role of government regulations and their impact on market supply, demand, and prices.

Analyze the implications of market surpluses and shortages.

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Definitions:

Stress

A physical, mental, or emotional factor that causes bodily or mental tension and may be a factor in disease causation.

Control

in experimental research, refers to the practice of limiting factors that could distort or influence the experiment's outcomes outside of the independent variable.

Situation

A set of circumstances or the environment in which an event occurs.

Surprise

An unexpected or astonishing event, fact, or thing.