Developing Countries Have Been Surprisingly Receptive to Free Trade Since

question 66

Multiple Choice

Developing countries have been surprisingly receptive to free trade since the 1980s.According to scholars,this is likely because of which other development?

• A)More developing countries became democratic rather than authoritarian.
• B)The United Nations mandated free trade among developing countries.
• C)Developing nations began doing more trade with each other.
• D)Offshoring of jobs from developed nations encouraged developing countries to embrace free trade.

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Definitions:

Labour Time Standard

A benchmark or norm established for the amount of time required to perform a specific task or activity under normal working conditions.

Direct Material Price Variance

The difference between the actual cost of direct materials and the expected (or standard) cost.

Direct Labour Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard wages paid for that labor.

Direct Labour Efficiency Variance

A measure used in management accounting to assess the difference between the actual hours worked and the standard hours expected to produce a certain level of output.