Which of the Following Government Policies Would Most Likely Result

question 127

Multiple Choice

Which of the following government policies would most likely result in an increase in economic growth?

• A)a decrease in the life of a patent from 20 years to 15 years
• B)a decrease in the interest rate at which the government provides student loans
• C)a decrease in government spending on grants issued through the National Institutes of Health
• D)decreased copyright protection on music and movies

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Definitions:

Journal Entry

A record of a financial transaction that includes the date of the transaction, the affected accounts, the amounts, and a brief description.

Petty Cash

A small amount of cash on hand used for minor, incidental expenses of a business to avoid writing checks.

Cash Over and Short

An accounting line item that indicates the discrepancies between the amount of cash in the register and the amount of cash according to the accounting records.

Journal Entry

A record of financial transactions in the accounting system, showing accounts affected, amounts, and whether those accounts are debited or credited.