Select the Appropriate Definition for Each of the Items Listed

question 215

Multiple Choice

Select the appropriate definition for each of the items listed below.
-A cost that stays the same in total regardless of changes in output

• A)period cost
• B)direct cost
• C)opportunity cost
• D)variable cost
• E)indirect cost
• F)fixed cost
• G)product cost

---

Definitions:

International Treaty

A formal agreement between two or more countries that is recognized and governed by international law.

International Monetary Fund

A global organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Devaluation

The official lowering of the value of a country's currency within a fixed exchange rate system, usually to encourage exports.

Nation's Currency

The official money used in a particular country, representing a medium of exchange for goods and services within its economy.