National Characteristics That Affect the Cost of Producing Goods in a Particular

question 45

Multiple Choice

National characteristics that affect the cost of producing goods in a particular country include all of the following except:

• A) natural resources and climate.
• B) endowment of factors of production.
• C) technology.
• D) proper government oversight of production.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds in its own treasury.

Cost Method

An accounting method in which investments are recorded at their original purchase cost, without recognizing changes in market value.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which is typically not indicative of its market value.