Which Statement Is True

question 222

Multiple Choice

Which statement is true?

• A)America has always had a very productive agricultural sector.
• B)The most influential factor in our economic development during the 19th century was a great abundance of labor.
• C)The central problem of economics is an oversupply of capital.
• D)None of the statements are true.

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Definitions:

Provincial Tax Agreement

An accord between provinces or between the federal and provincial governments regarding the collection and distribution of taxes.

Capital Expenditures

The funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Financial Planning

This entails evaluating the necessary capital and deciding on its distribution; it involves the creation of financial policies related to the obtaining, investing, and overseeing of a company's finances.

Cash Functions

The various roles and activities associated with cash management in a business, including collection, disbursement, and investment.