When businesses seem to maximize profit by substituting one factor of production for another

Ap Human AMSCO 15 and 16 (Map, too)

Quiz
•
Geography
•
9th Grade
•
Easy
Aaniya Lalani
Used 68+ times
FREE Resource
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40 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
agglomeration economy
outsourcing
the primary sector
just-in-time delivery
the substitution principle
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The shift in manufacturing withing the United States to the South can be explained by all of the following traits of the South EXCEPT...
lower wages
increased population
more government regulations
more land available for development
greater accessibility to numerous highways
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the best example of a footloose activity?
a steel mill
an auto assembly plant
a unoversity
a real estate office
an aluminum smelter
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the potential a job to produce additional jobs
add-on effect
multiplier effect
primary sector
secondary sector
substitution principle
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which person is most likely to work in a front office than a back office?
a customer-service representative who handles phone calls
the chief executive for a large corporation
an assembly worker in the auto industry
an accountant who handles a company's payroll
a writer who works on marketing materials
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Silicon Valley in Northern California is famous as the home to many businesses that produce high-tech products or serve high-tech companies. This demonstrates the principle of...?
outsourcing
post-Fordism
market dependence
back office processing
agglomeration economies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fishing, farming, forestry, and mining are considered part of which economic sector?
Primary
secondary
tertiary
quaternary
quinary
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