Cost Push In?ation Can Be Caused By

question 34

Multiple Choice

Cost push in?ation can be caused by:

• A) a substantial increase in the level of government spending.
• B) a decrease in the income tax rates.
• C) an increase in the pace of technological innovation.
• D) an increase in the prices of oil, wheat and other commodities.

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Definitions:

Advertising

The action of calling public attention to products, services, needs, etc., through paid announcements by an identified sponsor.

Pioneering

The act of being among the first to explore, develop, or adopt new techniques, areas of knowledge, or technology.

Informational

Pertaining to data, facts, or details that provide knowledge or insight.

Features and Benefits

Specific characteristics of a product or service (features) and how they provide value to the customer (benefits).