Green Technologies May Prove to Be a Boon for the American

question 104

Multiple Choice

Green technologies may prove to be a boon for the American economy because

• A)the United States has already signed trade agreements with numerous countries to export green technologies.
• B)the United Nations has passed a resolution asserting that only the United States will be allowed to produce green technologies for the next 10 years.
• C)the profit margins on green technologies are much higher than those of more traditional products.
• D)America's highly skilled labor force provides it with a competitive advantage over many other countries.

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Definitions:

Corporation

A legal entity separate from its owners, with rights to own assets, incur liabilities, hire employees, enter contracts, and provide protection for its shareholders.

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.

Limited Liability Corporation

An organizational form that integrates the single-level taxation characteristic of partnerships and sole proprietorships with the protective limited liability feature of corporations.

Debt Financing

Acquiring funds for business activities by borrowing money, typically through loans or by issuing bonds, that must be repaid with interest.