All of the Following Are Examples of Economic Events Except

question 67

Multiple Choice

All of the following are examples of economic events except

• A)receiving raw materials from a supplier
• B)checking a customer's credit prior to processing a sales order
• C)disbursing cash for inventories received
• D)shipping product to a customer

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Definitions:

High-Wage Economies

Economies characterized by a generally high level of income received by workers, correlating with high productivity levels and standards of living.

Manufacturing Employment

Jobs related to the industrial sector where raw materials are transformed into finished goods on a large scale.

Tariffs And Quotas

Policies and restrictions that countries use to control the amount of goods coming into and going out of the country to protect domestic industries from foreign competition.

Lesser Of Two Evils

A principle that suggests choosing the option that is considered less harmful or less undesirable among two poor choices.