In the Year 2576,intergalactic Travel Is Possible

question 55

Essay

In the year 2576,intergalactic travel is possible.A firm on Earth,Plantorium,produces 95 percent of Earth's jetpacks.A planet with easy access to Earth,Xerckyia,is coming out with new technology that will allow it to produce jetpacks at a lower cost.Describe a scenario in which Plantorium will engage in rent seeking.

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Definitions:

Local Workforce

The pool of potential employees living in the vicinity of a place of employment.

Job Responsibilities

Refers to the specific duties, tasks, and functions that an employee is expected to perform in their role.

Masculine Traits

Characteristics traditionally associated with men, such as assertiveness, competitiveness, and physical strength.

Achievement-Oriented

A personal or organizational focus on setting challenging goals and working persistently to achieve them, often involving high standards of excellence.