Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 38

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-In a market economy, _____ own(s) all the basic resources or factors of production.

• A)households
• B)the federal government
• C)the Federal Reserve bank
• D)the local government
• E)business firms

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Definitions:

Changing The Reward System

The process of modifying the mechanisms by which individuals or teams are rewarded, often to align incentives with organizational goals or improve performance.

Learning Organizations

Organizations that actively encourage, facilitate, and prioritize continuous learning, adaptation, and knowledge sharing among its members.

Diffusion

The process by which innovations or cultural elements spread within and across societies or social groups.

Acquisition

The process by which one company takes over another, either by purchasing it or by merging with it to expand its operations and market reach.