Which of the Following Is a Positive Economic Statement

question 7

Multiple Choice

Which of the following is a positive economic statement?

• A)People should not buy SUVs.
• B)The government should mandate electric automobiles.
• C)Scarcity necessitates that people make trade-offs.
• D)Foreign workers should not be allowed to work for lower wages than the citizens of a country.

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Definitions:

First Stage Allocations

The initial process of distributing overhead costs to various cost centers or departments in a company.

Order Filling

The process of completing a customer's order, including picking, packing, and shipping the product.

Activity Rate

A rate used in activity-based costing to assign costs to cost objects, based on the activities required to produce each object.

Activity-Based Costing

A costing method that detects activities within an organization and allocates the cost of each activity to all products and services based on their actual usage.