Which of the Following Factors Is Most Important as a Source

question 12

Multiple Choice

Which of the following factors is most important as a source of sustained growth in material living standards?

• A)population increase
• B)changing relative factor prices
• C)decrease in cost of capital
• D)technological improvement
• E)capital-labour substitution

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Definitions:

Endorsement

The signing of one’s name on the back of a negotiable instrument for the purpose of negotiating it to another.

Premiums

Payments made regularly to an insurance company in exchange for coverage, representing the cost of the insurance policy.

Co-insurance Clause

A provision in insurance policies requiring the policyholder to bear a portion of the loss by maintaining coverage of a specified percentage of the value of the property to receive full reimbursement.

Fireproof

The quality of being resistant to or capable of withstanding damage by fire.