Which of the Following Does NOT Explain Why France Is

question 3

Multiple Choice

Which of the following does NOT explain why France is consistently ranked low in terms of its economic competitiveness?

• A) It devotes less resources to technological innovation than other advanced economies.
• B) It has a high level of public debt.
• C) It has high taxes.
• D) Elements of statism persist.
• E) Its economy is mainly inward looking as the percentage of its GDP that comes from imports and exports is very low.

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Definitions:

Salvage Value

The anticipated remaining value of an asset once it has completed its functional lifespan, typically taken into account in computations of depreciation.

Natural Resources

Assets that come from the Earth and are used to produce goods and services, such as timber, oil, and minerals.

Units-of-Activity Method

The Units-of-Activity method is a depreciation approach based on the estimated usage, activity, or units produced over the asset's useful life, making depreciation expense directly proportional to its productivity.

Depreciated

The method of distributing the expense of a physical asset across its lifespan, indicating its diminishing value as time passes.