Economic Growth Occurs When

question 52

Multiple Choice

Economic growth occurs when

• A)a large part of a country's population is poor.
• B)a society sacrifices an amount of one good for more of another along its production possibility frontier.
• C)a society acquires additional resources or when its technology advances.
• D)there is unemployment of labor but other resources are used efficiently.
• E)the combinations of goods and services that can be produced decreases.

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Definitions:

Cumulative Preferred Shares

Cumulative Preferred Shares are a type of preferred stock where dividends accumulate if not paid out, ensuring shareholders are paid past dividends before common shareholders.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a share of the company's current earnings.

Declaration Date

The specific date on which a company's board of directors announces the issuance of a dividend.

Date Of Record

The cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution.