All of the Following Factors Contributed to Explosive Economic Growth

question 40

Multiple Choice

All of the following factors contributed to explosive economic growth during the Gilded Age EXCEPT:

• A) availability of capital for investment.
• B) a growing supply of labor.
• C) abundant natural resources.
• D) low tariffs.

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Definitions:

External Sales Price

The price at which goods or services are sold to customers outside of the producing company.

Variable Manufacturing Cost

Costs associated with manufacturing that vary directly with the level of production, such as materials and labor.

Shipping Costs

Expenses associated with the transportation of goods from one location to another.

Transfer Price

The price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.