Which of the Following Is Not Considered a Factor Contributing

question 78

Multiple Choice

Which of the following is not considered a factor contributing to economic growth?

• A)​Growth in the quantity and quality of labor resources used
• B)​Growth in physical capital inputs (machines, tools, buildings, and inventories)
• C)​Growth in the money supply relative to the growth of final goods and services
• D)​Government protection of property rights

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Definitions:

Price Elasticity

An economic concept that describes the degree to which the demand for a product or service varies with its price.

Survival Pricing

A pricing objective that involves lowering prices to the point at which revenue just covers costs, allowing the firm to endure during a difficult time.

Break-Even Point

The point at which total revenue equals total costs, resulting in no net loss or gain for the business.

Price Bundling

A marketing strategy that involves offering several products or services for sale as one combined product or service package at a lower price than they would be sold separately.