Which Statement Is TRUE

question 103

Multiple Choice

Which statement is TRUE?

• A) Import restrictions may be the best policy if production in certain industries generates positive spillover effects to other industries.
• B) It is usually easy to identify industries that generate positive spillover effects.
• C) It would be more efficient to subsidize industries that generate positive spillover effects than to implement import restrictions.
• D) Spillover effects from Silicon Valley were the biggest factor leading to increases in productivity in the 1990s.

Acknowledge the impact of digital transformation on competitive advantage and business models.

Understand the definition and components of thriving in college.

Recognize the importance and impact of attending college on personal and professional development.

Identify the attributes of a sense of purpose and how it influences college success.

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Definitions:

Long-Term Customer Relationships

The development and maintenance of enduring relationships between a business and its customers, leading to repeat business and loyalty.

Types of Utility

The different ways in which goods or services can provide value to consumers, including form, time, place, and possession utility.

Ideal Expectation

The highest or most perfect level of expectation that consumers hold regarding a product or service and its performance.

Minimum Tolerable Expectation

The lowest level of performance or outcome that is acceptable to stakeholders or within a certain context.