What Is the Theory of Hegemonic Stability

question 45

Multiple Choice

What is the theory of hegemonic stability?

• A)The spread of free trade throughout the world will lead to a stable single trading system.
• B)The longer countries keep their free-trade policies,the more likely they are to remain pro-free trade.
• C)Having one single hegemonic source of information can improve the chances of stability in international trade.
• D)One large state that is willing and powerful enough can solve the collective action problems of international trade.

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Definitions:

Machine-Hours

A measure of the amount of time a machine is used during the production process, often used in costing and budgeting.

Direct Labor-Hours

The number of hours spent by workers directly involved in the manufacturing of a product or delivery of a service.

Manufacturing Overhead

The indirect production costs that are not directly associated with the manufacturing of products, such as utilities and rent for the manufacturing facility.

Predetermined Overhead Rate

A computed rate used for applying overhead costs to products or job orders, calculated before the period begins based on estimated costs.