China Is an Example of a Country That Has Achieved

question 43

Multiple Choice

China is an example of a country that has achieved a very low rate of population growth and a very high rate of growth in per capita GNP. Which of the following policies did the Chinese government adopt to bring about this dramatic drop in the population growth rate?
I. The government started and enforced a "one-child family" policy which included mandatory birth control and forced sterilization.
II. Couples who opted to have only one child were rewarded with special benefits such as compensation for mothers who follow China's birth policies.
III. Couples who opted to have more than one child were dealt punishments such as fines, loss of employment and confiscation of property.

• A) I only
• B) II only
• C) I and III only
• D) I, II, and III

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Definitions:

Total Overhead Cost

The sum of all indirect costs involved in operating a business, including administrative and managerial expenses.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of the costs associated with producing specific products or services.

Activity Cost Pools

A method in managerial accounting used to allocate indirect costs to products or services based on specific activities that drive costs.

Activity-Based Costing

An accounting method that identifies the activities a firm performs and assigns costs to products and services based on the actual consumption of resources.