Which Statement Is False

question 210

Multiple Choice

Which statement is false?

• A)High military spending in the last 50 years has been a drag on our economic growth.
• B)Military spending as a percent of GNP almost doubled between 2000 and 2009.
• C)The fall of the Soviet Union and its empire allowed U.S.defense spending to be able to be cut to 3 percent of GDP from its Cold War level of 6 percent of GDP.
• D)The cost of doing business has gone up since September 11th,which reduces productivity.

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Definitions:

Trade Discounts

Price reductions granted by sellers to buyers in the commercial chain, often based on volume purchased or during promotional periods.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Raw Materials

Materials in their natural, unprocessed state used as inputs in production processes.

FOB Destination

A shipping term where the seller bears the shipping costs and retains ownership of the goods until they are delivered and accepted by the purchaser.