The Striking Dock Workers on the West Coast Refused to Unload

question 3

Multiple Choice

The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores.These stores suffered loss of revenue during the Christmas season,their highest earnings period of the year.This revenue reduction is ________________ that ___________ covered by insurance.

• A)a direct loss,can be
• B)indirect loss,can be
• C)direct loss,cannot be
• D)indirect loss,cannot be

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Definitions:

Economic Growth

An increase in a country's output of goods and services over time, typically measured by changes in real GDP, indicating improvements in living standards and economic health.

Capital

Assets or resources that are available for use in the production of further assets or goods.

Entrepreneurial Ability

The skill or capacity to identify opportunities, create new businesses, and innovate new products or services in the marketplace.

Opportunity Cost

represents the value of the next best alternative forgone as a result of making a decision.