Which of the Following Factors Is Positively Correlated with Economic

question 136

Multiple Choice

Which of the following factors is positively correlated with economic growth?

• A) collectively owned resources
• B) high barriers to international trade
• C) restrictions on immigration
• D) political stability and the rule of law
• E) high rates of inflation

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Definitions:

Average-Cost Method

An inventory valuation method that determines the cost of goods sold and ending inventory value by computing the average cost of all similar items.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for purchases and sales.

Merchandise Inventory

Merchandise inventory refers to the goods available for sale to customers, which are considered current assets on a company's balance sheet.

Periodic Inventory System

An accounting method where inventory is physically counted at specific periods to determine the cost of goods sold.