Which Would Be Most Effective in Ensuring Sustained Long-Term Economic

question 24

Multiple Choice

Which would be most effective in ensuring sustained long-term economic growth?

• A) increasing technological knowledge
• B) increasing human capital
• C) increasing government control of land use
• D) increasing physical capital

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Definitions:

Journal Entries

The recording of financial transactions in a company's accounting system, which includes a debit and a credit to maintain balance.

Salaries and Wages Expense

The total amount a company spends on employee salaries, wages, and other benefits during a fiscal period.

Ledger Account

A record within a ledger that contains a log of financial transactions for a specific asset, liability, equity, revenue, or expense.

Accounts Receivable

Funds that clients or customers have yet to pay to a company for products or services already provided.