The "Long Tail" Is a Phenomenon Related to the

question 17

Multiple Choice

The "long tail" is a phenomenon related to the

• A)partisan flavor of talk shows.
• B)degree of editorializing by broadcast news.
• C)rate of Internet news readership.
• D)increase in the age gap of news readership.
• E)partisan nature of Internet news.

Comprehend the concepts of crowding in and crowding out in the context of fiscal policy and private investment.

Recognize the effect of fiscal policies on national saving, interest rates, and investment.

Analyze the impact of automatic stabilizers on budget deficits.

Evaluate the relationship between federal budget deficits and trade deficits.

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Definitions:

Variable Overhead

Those overhead costs that vary in total directly and proportionately with changes in production or activity level.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on a standard rate.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (budgeted) cost of these materials.

Standard Direct Labor-Hours

The estimated amount of labor time required to produce one unit of output, based on established standards.