There Will Be an Increase in Factor Demand Because of A(n)_____

question 61

Multiple Choice

There will be an increase in factor demand because of a(n) _____ in the price of the _____.

• A)increase;factor
• B)increase;good the factor produces
• C)decrease;factor
• D)decrease;good the factor produces

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Definitions:

Decentralized

Describes systems or organizations wherein power, decision-making, or resources are dispersed rather than concentrated in a central location.

Centralized

Refers to a system or organization where decision-making authority is concentrated at a single point or in a single person.

Degree Centrality

In network analysis, it is a measure of the number of connections a node has to other nodes in the network, indicating its importance or influence within the network structure.

Social Network Analysis

A methodology for investigating social structures through the use of networks and graph theory, analyzing the relational ties between individuals or entities.