Which of the Following Is Not an Institutional Constraint That

question 172

Multiple Choice

Which of the following is not an institutional constraint that limits our nation's production possibilities?

• A)Blue laws that restrict bars and liquor stores from opening on Sunday
• B)Restrictions on child labor
• C)The fact that Americans dislike working at night or on the weekends
• D)Workers who are "in between" jobs

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Definitions:

Accounting Choices

The various decisions that management makes regarding the principals, methods, and practices followed in an accounting system.

Equity Book Value

The net asset value of a company as recorded on the balance sheet, calculated as total assets minus liabilities, often used to assess a company's worth.

GAAP Balance Sheet

A balance sheet prepared following Generally Accepted Accounting Principles, showcasing a company's financial position including assets, liabilities, and equity at a specific point in time.

Historical Cost

Historical cost refers to the original monetary value of an asset or expenditure recorded at the time of transaction, without adjusting for inflation or changes in market value.