In the Early 2000s, Analysts Feared That Low Academic Achievement

question 79

Multiple Choice

In the early 2000s, analysts feared that low academic achievement in math in the United States may reduce U.S.economic growth by as much as half a percentage point per year.In terms of factors leading to growth, the low math scores indicate that the U.S.may be at a growing disadvantage in terms of:

• A)social capital.
• B)human capital.
• C)growth-compatible institutions.
• D)technology.

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Definitions:

Fixed Manufacturing Expenses

Fixed expenses that are not affected by changes in production or sales quantities, like rent, salaries, and insurance.

Fixed Selling Expenses

Costs associated with the selling process that do not vary with sales volume, such as salaries of sales staff and advertising fees.

Net Operating Income

Net Operating Income, or NOI, is a measure of a company's profitability from its regular, core business operations, excluding expenses like interest and taxes.

Accounting System

A structured process of collecting, recording, summarizing, and reporting financial transactions of a business or individual.