Economic systems differ according to which two main characteristics?
a. who owns the factors of production, and the methods used to coordinate economic activity.
b. the technology used in production, and the quantity and quality of natural resources.
c. how goods are produced, and who gets them.
d. the political system in place, and the degree of scarcity facing the economy.

Which of the following is least likely to a team solve problems together

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.