Which of the Following Is One of the Reasons Typically

question 16

Multiple Choice

Which of the following is one of the reasons typically given for the relatively high secular growth rate of productivity for the period 1959 - 2006?

• A)A three-fold increase in the capital stock
• B)An increase in service sector output relative to the manufacturing sector
• C)An increase in the average length of the workweek
• D)An increase in the use of quotas and tariffs to protect domestic industries

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Definitions:

Balance Sheet

An overview document that itemizes a business’s resources, debts, and owner’s equity at a particular date, giving a concise view of its fiscal status.

Trade Credit Discounts

Reductions in the price of goods or services offered to buyers as an incentive to pay earlier than the payment terms require.

Costly Trade Credit

Describes the high costs associated with taking advantage of credit offered by suppliers or creditors, particularly when payment terms are not met, resulting in high interest rates or financial penalties.

Accounts Payable

Liabilities or money owed by a company to its creditors for goods and services that have been delivered or used, but not yet paid for.