Why Was There Essentially No Sustained Growth Before Modern Times

question 46

Multiple Choice

Why was there essentially no sustained growth before modern times?

• A) Because frequent world wars made it impossible for growth to take hold
• B) Because government policies prevented growth from taking place
• C) Because there was no widespread public education
• D) Because the pace of technological change was very slow

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Definitions:

Repurchase

The act of buying back previously sold stock or bonds from the market or shareholders by the issuing company, often to reduce the amount of outstanding shares and increase the value of remaining shares.

Book Value

Book value is the net value of a company's assets found on its balance sheet, calculated as the total assets minus intangible assets and liabilities.

Par Value

The nominal face value of a security as stated by the issuer, often used in reference to bonds or shares.