A Change in ____ Would Have the Strongest Influence on a Factor's

question 13

Multiple Choice

A change in ____ would have the strongest influence on a factor's MRP curve.

• A)the factor's price
• B)the price of a complementary factor
• C)the price of a substitute factor
• D)the price of the final product

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Definitions:

Judicial Review

The power of courts to review the actions of executive or legislative bodies to ensure they comply with the constitution or other standards.

Arbitration

The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision. The decision may or may not be legally binding.

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, designed to resolve disputes without traditional litigation.

Question of Law

A matter concerning the interpretation or application of laws, as opposed to a question of fact, decided by a judge.