As a Result of Problems with Debt Repayment, the International

question 40

Multiple Choice

As a result of problems with debt repayment, the International Monetary Fund required the Mexican government to cut back on __________.

• A) social services
• B) manufacturing
• C) military spending
• D) petroleum exports

---

Definitions:

Fixed Costs

Unchanging costs associated with operation, irrespective of production or sales levels, such as expenses for premises, staff remuneration, and insurance protection.

Fixed Expenses

Costs that remain constant regardless of the level of production or sales activities, such as rent or salaries.

Net Operating Income

is the profit a company generates from its operations, excluding taxes and interest, focusing on the core business activities.

Obsolete Desk Calculators

Outdated calculating tools that have been replaced by more modern devices but might still be found in storage or used in niche scenarios.