It Is Argued in This Article That the Main Reason

question 295

Multiple Choice

It is argued in this article that the main reason why the majority of Korean banks are supported by Korean clientele is which of the following?

• A) With the large influx of Korean immigrants in the last decades, these banks are needed to support this growing economic community.
• B) The main reason that Korean immigrants need banks owned by Koreans is because of language access.
• C) In reality, Korean banks are not primarily supported by Koreans, but rather by other Asian immigrant groups in America.
• D) None of the above.

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Definitions:

Long-run Total Costs

The aggregate expenses a firm incurs in the production of goods or services when all factors of production are variable.

Average-total-cost Curve

A graphical representation showing the average total cost of producing different quantities of a good or service, illustrating how costs vary with changes in output.

Average-fixed-cost Curve

A graphical representation showing how the average fixed cost of production decreases as the quantity of output increases.

Implicit Costs

The opportunity costs of using resources owned by the business for its operations instead of allocating them to their best alternative use.