One Characteristic That Has Allowed the U

question 33

Multiple Choice

One characteristic that has allowed the U.S.economy to change the mix of output in response to consumer demand is the

• A)Factor mobility which is the increased ease with which resources move from one industry to another.
• B)Abundance of scarce resources.
• C)Large number of proprietorships.
• D)Labor-intensive production process.

---

Definitions:

Financial Ratios

Quantitative measures derived from financial statements used to evaluate a company's financial performance, health, and risks.

Previous Years

Referring to the years before the current one, often used in contexts of analysis, comparison, or financial performance evaluation.

Pro Forma Financial Statements

Forward-looking financial documents that project a business’s future financial performance based on certain assumptions.

Financial Condition

The status of an organization or individual's financial health, typically assessed through analysis of assets, liabilities, income, and expenditures.