The Study of Factors That Contribute to the Economic Development

question 85

Multiple Choice

The study of factors that contribute to the economic development of a country is

• A) population growth economics.
• B) development economics.
• C) the theory of technological advancements.
• D) the new technology theory.

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Definitions:

Indirect Costs

Costs that are not directly attributable to a specific cost object, such as overhead expenses.

Insurance Expired

Represents the portion of an insurance premium that has been used up during a given period, and therefore is no longer in effect.

Factory Equipment

Fixed assets used in the manufacturing process, such as machinery and tools.

Factory Overhead

All indirect costs associated with manufacturing, including utilities, rent for the manufacturing space, and salaries of non-direct labor, accumulated and allocated to units produced.