Which of the Following Is NOT a Reason Governments Interfere

question 3

Multiple Choice

Which of the following is NOT a reason governments interfere with comparative advantage?

• A) Governments attempt to achieve full employment.
• B) Governments promote economic development.
• C) national self-sufficiency in defense-related industries
• D) All are reasons governments interfere with comparative advantage.

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process.

Payroll

The total amount of wages, salaries, and other earnings paid by a business to its employees.

Labor Efficiency

The measure of the amount of work accomplished with a specific amount of labor input.

Labor Quantity Variance

The difference between the actual labor hours worked and the standard hours expected, multiplied by the standard labor rate.