A Problem with Placing Excessive Emphasis on Labour Efficiency Can

question 61

Multiple Choice

A problem with placing excessive emphasis on labour efficiency can be

• A)material costs get ignored.
• B)pressure can be put on workers to work unsafely.
• C)overhead costs can be improperly estimated.
• D)work in progress and finished goods inventories can build up beyond acceptable levels.

---

Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at a given overall price level and in a given period.

Real Exchange Rate

Measures the value of goods in one country compared to those in another, adjusting for price level differences.

Net Exports

The value calculated by subtracting a country's total value of imports from its total value of exports, which reflects a country's external trade balance.