The Change in Import Spending Due to a Change in Domestic

question 101

Multiple Choice

The change in import spending due to a change in domestic real income is called:

• A)marginal propensity to save.
• B)marginal propensity to consume.
• C)marginal propensity to import.
• D)none of the above.

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Definitions:

Material A

Material A most likely refers to a specific type of raw material used in production processes, identifiable by a unique characteristic or designation.

Materials Price Variance

The variance between the standard cost and the actual expense of materials, calculated by multiplying the actual volume of materials utilized.

Total Labor Variance

A metric that measures the difference between the actual cost of labor and the standard or budgeted cost.

Materials Quantity Variance

This refers to the difference between the expected amount of materials needed for production and the actual amount used, which can impact manufacturing costs.