Use the Following to Answer Questions

question 7

Multiple Choice

Use the following to answer questions:
Figure: Piece Rates
-(Figure: Piece Rates) Refer to the figure. A piece rate is offered for every 10 bags of wheat that workers fill. Which of the three piece rates plotted in the figure above has the highest dollar value to the firm?

• A) P₁
• B) P₂
• C) P₃
• D) All three piece rates are of equal value.

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Definitions:

Remittances

Money sent by individuals working abroad to family members or others in their home country.

Transnational Hybrid

A business model combing elements from multiple cultural or legal frameworks, operating across national borders.

Private Sector

The part of the economy that is run by individuals and companies for profit rather than by the state.

Civil Society

The sphere of social life that is open to public participation and forms independently of the state, including organizations, movements, and clubs.