Over the Last Century,U.S.labor Productivity Has

question 54

Multiple Choice

Over the last century,U.S.labor productivity has:

• A)fallen.
• B)been constant,on average.
• C)grown at about 2 percent per year.
• D)grown at about 8 percent per year.
• E)grown at about 15 percent per year.

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Definitions:

Insurable Interest

A requirement that a person must stand to suffer a direct financial loss from the damage, loss, or destruction of the property or life insured.

Goods-in-bailment

Refers to personal property that has been delivered into the hands of another for custody or performance of some service, without transfer of ownership.

Economic Interest

A vested interest in financial gains or losses, typically relating to investments, ownership, or participation in business ventures or market activities.

Risk of Loss

The potential that an investment or transaction may result in loss, attributed to various factors.