Net Exports of Goods and Services Increase When

question 79

Multiple Choice

Net exports of goods and services increase when

• A)imports of goods and services increase and exports of goods and services do not change.
• B)exports of goods and services decrease and imports of goods and services do not change.
• C)consumption expenditure increases.
• D)exports of goods and services increase and imports of goods and services do not change.
• E)consumption expenditure decreases.

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Definitions:

Automated Shaper

A machine tool operated using automation for shaping wood, metal, or other materials, enhancing precision and productivity.

Manufacturing Overhead

All manufacturing costs that are not directly related to the production of a product, including indirect labor, maintenance, and utilities.

Job-Order Costing

An accounting method that assigns manufacturing costs to individual products or batches, based on the specific jobs undertaken.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or job orders, calculated before the period begins based on estimated costs and activity levels.