Each of the Following Is a Benefit of Economic Growth

question 25

True/False

Each of the following is a benefit of economic growth:
a. loss of jobs in some sectors,
b. pollution, and
c. increased income inequality.

Distinguish between different financing arrangements involving a firm’s inventory as collateral.

Recognize the services provided by accounts receivable factors to borrowers.

Understand the characteristics of and differences between lines of credit, revolving credit agreements, and other types of bank financing.

Identify methods used by firms to accelerate cash receipts and the reasons behind them.

---

Definitions:

Variable Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Fixed Interval

A reinforcement schedule where a reward is given after a predetermined time period has passed following a response.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of correct responses, often leading to high rates of response.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in operant conditioning.