Which of the following will be accomplished by efficient allocations of the factors of production?
ensuring economic profitability
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer: fulfilling many needs and wants of society
- The decision by many western businesses to pull out of South Africa in protest of the country’s apartheid government contributed to the economic crisis that ultimately led to the collapse of the apartheid system.
- Until the 1980s, many western businesses continued to profit from their operations in south Africa despite knowing that doing so indicated tacit support of the country’s apartheid government.