China's Population

question 74

Multiple Choice

China's population

• A) had a majority of females over males as so many of the latter died in China's many wars.
• B) was about 400 million in 1395.
• C) was stagnant between 1600 and 1700.
• D) grew fast during the 1600-1800 period, reaching over 300,000,000 by 1800.
• E) declined between 1600 and 1800 because of a renewal of the bubonic plague.

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Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces.

Variable Costing

A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.

Absorption Costing

A costing method that assigns all manufacturing costs, both fixed and variable, to products.

Net Income

The total earnings of a company after subtracting all expenses from revenue.