All of the Following Explain the Growth in Output Per

question 281

Multiple Choice

All of the following explain the growth in output per worker hour during the 20th century except

• A) the quality of labor improved during that period.
• B) the quantity of labor increased during that period.
• C) the quality of capital improved during that period.
• D) the worker-capital ratio decreased during that period.

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Definitions:

Fair Value

An estimate of the market price for assets or liabilities, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Parent and Subsidiary

A parent and subsidiary relationship exists when one company, the parent, owns more than half of another company, the subsidiary, granting control and often integrating operations or management.

Consolidated Financial Statements

Consolidated financial statements aggregate the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.

Controlling Influence

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.