When a Country Keeps Its Workers as Fully Employed as Possible

question 184

True/False

When a country keeps its workers as fully employed as possible, it achieves a higher level of GDP than if many of its workers were idle.

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Definitions:

Activity-Based Costing

A pricing method that allocates expenses to goods or services according to the resources they use.

Machine-Hours

A measure of production time, indicating the total hours that machines are operational within a set period.

Overhead Cost

Expenses related to the day-to-day operations of a business that aren't directly tied to the production of goods or services.

Materials Handling

The moving, protecting, storing, and controlling of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.