When Selecting a City,a Small Business Owner Needs to Ask

question 100

True/False

When selecting a city,a small business owner needs to ask questions about the wage rates,the business climate,and proximity to markets and raw materials,in order to properly analyze the city.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Net Exports

The gap between what a country earns from exports and spends on imports.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreign residents over a specified period.

Marginal Product

The increase in output that arises from an additional unit of input.