_____ Include(s)the Presence of an Appropriately Skilled Labor Pool and Supporting

question 45

Multiple Choice

_____ include(s) the presence of an appropriately skilled labor pool and supporting industries that can play an important role in deciding where to locate manufacturing activities.

• A)Internalities
• B)Externalities
• C)Management
• D)Administration

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Definitions:

Taxes on Labor

Refers to taxes imposed on wages or salaries earned, impacting the net income of employees.

Second Earners

Refers to individuals in a household who contribute income in addition to the primary breadwinner, often impacting households' labor supply decisions and overall economic dynamics.

Price Elasticities

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Deadweight Loss

An economic inefficiency that occurs when the allocation of resources is not optimal, often resulting from taxes or monopolies.