Which of the following is a major reason for offshoring?
a. The gradual reduction in information and communication technologies.
b. The fragmentation of production processes.
c. The gradual decline in worldwide competition.
d. All of the above are major reasons for offshoring.
.B
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What policies can a government undertake to achieve faster economic growth?
What will be an ideal response?
A point outside a production possibilities frontier indicates
A) that resources are not being used efficiently. B) an output combination that society cannot attain given its current level of resources and technology. C) that resources are being used very efficiently. D) that both goods are characterized by increasing costs.
The profit maximizing combination of resources
A) usually involves more of each input hired than the cost minimizing combination of resources. B) usually involves less of each input hired than the cost minimizing combination of resources. C) usually involves hiring more of some resources and less of other resources than the cost minimizing combination of resources. D) is also the cost minimizing combination of resources.
Which of the following is not true of venture capitalists?
A. They incur risk. B. They may experience losses. C. They share in any profits that may result. D. They have the same financial liability as corporate stockholders.