Which of the Following Is Most Likely to Increase Productivity

question 53

Multiple Choice

Which of the following is most likely to increase productivity growth, as measured using GDP statistics?

• A) reduced capital formation
• B) decreased human capital
• C) increased research and development
• D) increased government regulation
• E) higher price of a raw material

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Definitions:

Draft

A preliminary version of a document or plan that is subject to revisions or editing.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.