Relatively Small Annual Changes in Factor Productivity Are

question 6

Multiple Choice

Relatively small annual changes in factor productivity are

• A)thought to be an important cause of long- run economic growth.
• B)always cancelled out by changes in the growth in factor supplies.
• C)the only important source of changes in potential GDP.
• D)easy to calculate across many industries.
• E)not important to long- run growth but are the dominant source of short- run changes in GDP.

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Definitions:

FABs

Features, Advantages, and Benefits; a sales and marketing technique that highlights a product's features, explains its advantages, and outlines the benefits it offers to the potential customer.

Marketing Plan

A strategic document outlining a company's advertising and marketing efforts for a specified period, including goals, target markets, and initiatives.

SELL Sequence

A sales technique involving Showing features, Explaining benefits, Leading into advantages, and Letting the customer respond.

Business Proposition

An offer or proposal made by one business to another, detailing how a particular product or service can meet the latter's needs.