Additional Economic Growth Should Be Pursued When

question 57

Multiple Choice

Additional economic growth should be pursued when:

• A)new technologies are discovered.
• B)scarcity exists.
• C)the marginal costs of growth exceed the marginal benefits.
• D)the marginal costs of growth are less than the marginal benefits.

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Definitions:

Liquidity Ratio

A financial metric used to determine a company's ability to pay off its short-term liabilities with its existing assets.

Accounts Receivable

Accounts Receivable is an asset account on the balance sheet representing money owed to a business by customers for goods or services delivered on credit.

Inventory Turnover Ratio

A measure of how quickly a company sells its inventory in a given period, calculated by dividing the cost of goods sold by the average inventory.