Which of the Following Factors Is an Internal Force for Change

question 69

Multiple Choice

Which of the following factors is an internal force for change?

• A) Increases in the prime lending rate
• B) Increased attempts by unions to organize new companies
• C) A change in attitude of workers toward unannounced layoffs
• D) The development of new technology that makes your factory obsolete
• E) A foreign competitor introducing a product into the U.S.market that is similar,but less expensive,than yours

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Definitions:

Rival In Consumption

Describes a good or service whose consumption by one individual prevents simultaneous consumption by other individuals, making it exclusive in nature.

Common Resource

A resource like fish stocks, forests, or clean air, that provides users with tangible benefits but is susceptible to overuse and depletion.

Public Good

An offering of products or services to every member of society at no cost, provided by either governmental bodies or private organizations, without aiming for financial gain.

Not Excludable

A characteristic of certain goods where it is not feasible to prevent individuals from consuming the good, such as public parks.