Which of the Following Does Not Hinder Economic Development

question 32

Multiple Choice

Which of the following does not hinder economic development?

• A) Low birth rates.
• B) Low GDP that limits saving and investment.
• C) Lack of knowledge.
• D) Lack of technology.
• E) Lack of physical capital.

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Definitions:

Work in Process

Inventory that includes partially completed goods that are still in the production process.

Wages Payable

An account that records the amounts owed to employees for work performed that has not yet been paid.

Factory Overhead

All indirect costs associated with the production process, such as maintenance, utilities, and management salaries, not directly tied to specific units of product.

Factory Overhead

Costs associated with operating a factory that are not directly tied to the production of goods, such as utilities, maintenance, and management salaries.