Equal Rates of Factor Growth And/or Technological Progress in the Production

question 22

Multiple Choice

Equal rates of factor growth and/or technological progress in the production of two commodities is:

• A)immiserizing growth
• B)the central focus of endogenous growth theory
• C)balanced growth
• D)the engine of growth

---

Definitions:

Allowance Method

An accounting technique used to estimate and account for potential uncollectible accounts receivable and bad debts.

Uncollectible Receivables

Debts owed to a company that are deemed unrecoverable and are written off as a loss because the debtor is unable to pay.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collected, which is used as a contra asset to adjust the net value of accounts receivable.

Direct Write-off Method

An accounting approach where uncollectable debts are directly written off against income at the time they are deemed non-recoverable.