Increased Productivity Due to Technology Has

question 17

Multiple Choice

Increased productivity due to technology has

• A)increased corporations' reliance on debt for capital expansion needs.
• B)created larger asset values on the firm's historical balance sheet.
• C)made it cheaper (in terms of interest costs) for firms to borrow money.
• D)helped to keep corporate costs in check.

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Definitions:

Government

The organization, structure, and systems that govern a community, state, or nation, responsible for regulating and managing public affairs.

Private Insurers

Independent companies that provide individuals and entities coverage against financial losses in exchange for premium payments.

Expenditures

Refers to the total amount of money spent by households or businesses on goods and services.

Welfare State

A system where the government plays a key role in the protection and promotion of the economic and social well-being of its citizens.