Which of the Following Would Decrease the Value of the Dollar

question 167

Multiple Choice

Which of the following would decrease the value of the dollar in the long run?

• A)a decrease in inflation in the United States relative to other countries
• B)a decrease in the demand for American goods relative to goods from other countries
• C)an increase in U.S.tariffs on foreign goods
• D)a decrease in the supply of dollars on the foreign exchange market

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on efficient usage of resources.

Actual Labour Hours

The real amount of labor time spent by employees on the production of goods or provision of services.

Standard Labour Rate

The pre-determined cost per unit of labor time, used in calculating labor expenses in manufacturing.