Choose the One Most Appropriate Answer for Each

question 28

Multiple Choice

Choose the one most appropriate answer for each.
-producers of goods and services that are not exported;also called service or filler industries

• A)age distribution
• B)base industry
• C)buying pattern
• D)cost-push inflation
• E)demand
• F)demand-pull inflation
• G)economic base
• H)employment multiplier
• I)Federal Reserve Board
• J)long-run demand
• K)monetary inflation
• L)monetize the debt
• M)primary industry
• N)real
• O)real-cost inflation
• P)secondary industry
• Q)service industry
• R)short-run demand
• S)supply
• T)vulnerability

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Definitions:

Total Direct Labor Cost

The total expenses incurred from labor directly involved in the production of goods or services.

Per-unit Cost

The cost associated with producing or acquiring a single unit of a product or service.

Plant Superintendent

An individual responsible for overseeing all aspects of operations within a manufacturing plant or factory.

Salary

A fixed regular payment, typically paid monthly or biweekly to employees for their services, not dependent on hours worked.