Which of the Following Would Be Most Likely to Improve

question 36

Multiple Choice

Which of the following would be most likely to improve the standard of living of people in less-developed nations?

• A) the development of strong labor unions
• B) an increase in foreign investment
• C) an increase in the share of the population under 15 years of age
• D) higher tariffs and the imposition of other restraints designed to restrict international trade

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Definitions:

Cost Change

Any variation, either an increase or decrease, in the total costs associated with production or operations.

Mixed Costs

Expenses that contain both fixed and variable components, changing in total with the level of activity.

Contribution Margin

The amount left from sales revenue after variable costs are subtracted, contributing to covering fixed costs and generating profit.

Merchandising Company

Businesses that buy finished goods and sell them at a profit without modifying the product, focusing on distribution rather than production.