Trade Between Two Countries

question 150

Multiple Choice

Trade between two countries

• A) results in more choices and better prices for consumers of exported goods.
• B) may cause job loss and firm closings in industries that compete with exported goods.
• C) is always positive for both consumers and producers.
• D) results in more choices and better prices for consumers of imported goods, but may cause job loss and firm closings in the industries that compete with imports.

---

Definitions:

Single Plantwide Rate

A method of allocating overhead costs to products using one uniform overhead rate across an entire manufacturing plant.

Multiple Production Department Rates

Different rates applied to various departments within a production process to allocate overhead costs more accurately based on each department's specific activities.

Activity-Based Costing

An accounting method that assigns costs to products based on the activities and resources used in their production.

Production Departments

Specific areas or units within a manufacturing facility responsible for different stages of the production process.