Which Labor Aspect Has Emerged as a Key Locational Determinant

question 45

Multiple Choice

Which labor aspect has emerged as a key locational determinant as supply chains become more global in nature?

• A)Wage rates
• B)Labor force size
• C)Labor force skills
• D)Labor force age

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Definitions:

Gross Investment

The total amount of money spent on capital goods, or assets that will provide productive capacity for the future, without deducting for depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Capital Stock

The total value of all physical assets owned by a company that are used in producing goods and services.

Interest Rate

The percentage charged or paid for the use of money, typically expressed as an annual rate on loans or earned on deposits.