Which of the Following Statements Is TRUE

question 22

Multiple Choice

Which of the following statements is TRUE?
I. Increased newspaper circulation is associated with better and quicker political responses to a crisis in food availability.
II. Governments will provide higher levels of food distribution when there is more political competition.
III. Amartya Sen claims that no famine has ever taken place in a functioning democracy.

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

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Definitions:

Direct Labor

The labor costs directly associated with the production of goods or services, typically involving manufacturing or construction work.

Selling and Administrative Expenses

Costs associated with the selling of products and the management of the business.

Fixed Overhead

The total non-variable costs associated with operating a business, including rent, salaries, and insurance, that remain unchanged regardless of the level of production or sales.

Direct Labor

The wages and other forms of remuneration paid to employees who directly work on the products being manufactured, such as assembly line workers.