Because of China's Growth,natural Resources

question 5

Multiple Choice

Because of China's growth,natural resources

• A)are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries.
• B)are in greater demand and the natural resources are increasingly coming from developing countries.
• C)prices are falling since China has tremendous negotiating power.
• D)are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.

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Definitions:

Net Pay

Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.

Payroll Taxes

Taxes that employers are required to withhold from employees' paychecks and/or pay on behalf of their employees, including Social Security and Medicare taxes.

Discounting

In finance, refers to the process of determining the present value of a payment or a series of payments that will be received in the future.

Note Payable

A written agreement to pay a specified sum of money, plus interest, on a set date, representing a liability for the issuer.