Towards the End of the Twentieth Century, Some of the World's

question 127

Multiple Choice

Towards the end of the twentieth century, some of the world's more affluent countries experienced robust growth while others experienced growth slowdown or even stagnation. Which of the following is not a reason for the divergent growth trend?

• A) disparities in the rate of accumulation of human capital
• B) unwillingness to enforce property rights
• C) disparities in the employment rate
• D) differences in macroeconomic policymaking that allow producers to take a long-term view

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Cash

Cash refers to money in the form of currency, including bills, coins, and money deposited in bank accounts that are available for use.

Business Transaction

An economic event or condition that directly changes an entity’s financial condition or directly affects its results of operations.

Journal

A detailed record where all financial transactions of a business are initially recorded in chronological order.