Which of the Following Would Tend to Encourage a Faster

question 61

Multiple Choice

Which of the following would tend to encourage a faster rate of long-run economic growth?

• A) An increase in the supply of innovative activities.
• B) A decrease in the demand for innovative activities.
• C) A decline in basic research.
• D) A reduction in the number of engineers and scientists immigrating to the United States from other countries.

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Definitions:

Sales Journal

A specialized accounting journal used to record all sales transactions of a business.

Sales Revenue

The income generated from selling goods or services over a specific period before deducting any costs or expenses.

Accounts Receivable

Payments due to a company from its customers for the provision of goods or services, yet to be paid.

Sales Invoices

Documents issued by a seller to a buyer, detailing products or services sold, quantities, prices, and terms of sale.