Examlex

Solved

Which of the Following Is Not a Possible Cause of Only

question 186

Multiple Choice

Which of the following is not a possible cause of only a small increase in America's recent productivity growth rate?


Definitions:

Quota

A specific limit or target for production, sales, or other measurable factors, often set by governments or organizations.

Licensing Suppliers

The process by which a business grants other businesses permission to manufacture its product or provide its service in exchange for a fee or royalty.

Price Floor

A government-imposed minimum price that can be charged for a commodity, above what would be set by market forces, to ensure that producers receive a minimum income.

Equilibrium Price

The price in the market where the amount of products offered matches the amount of products consumers want to buy.

Related Questions