Economies That Arise from Performing a Value Creation Activity in the Optimal

question 76

Multiple Choice

Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as

• A) factor economies.
• B) production economies.
• C) location economies.
• D) value creation economies.

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Definitions:

Jacob Leisler

A German-American merchant and militia officer who led Leisler's Rebellion in the Province of New York from 1689 to 1691, challenging the authority of the English monarchy.

Rebel Militia

Informal military groups that resist established government forces, often formed in the context of civil war, rebellion, or resistance movements.

Dominion of New England

A short-lived administrative union of English colonies in North America (1686–1689) created by King James II, aimed at centralizing control and bolstering colonial defense.

Bacon's Rebellion

A 1676 uprising led by Nathaniel Bacon against the colonial government of Virginia, motivated by disputes over Native American policy and governance.