The Table Below Shows the Domestic Price of a Pair

question 12

Multiple Choice

The table below shows the domestic price of a pair of trousers in four countries.

-Refer to the table above.If the world price of trousers is $8 per pair,then which of the following statements is true?

• A) Country B, Country C, and Country D will export trousers, whereas Country A will import trousers.
• B) Country A, Country C, and Country D will import trousers, whereas Country B will export trousers.
• C) Only Country B will import trousers, whereas Country A, Country C, and Country D will export trousers.
• D) All countries will import trousers.

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Definitions:

Labor-Hours

Labor-Hours measure the total hours worked by employees, typically within a specified period for payroll or productivity analysis.

Manufacturing Overhead

All indirect costs associated with manufacturing, such as utilities, rent of the production facility, and maintenance.

Departmental Predetermined

A rate or value established in advance for departments within a business, often used for budgeting, costing, or allocation purposes.

Casting Department

A department within a manufacturing entity responsible for the process of pouring liquid material into a mold to create a solid shape.