China's "Floating Population" Refers To

question 29

Multiple Choice

China's "floating population" refers to:

• A)the huge number of overseas Chinese.
• B)rural itinerant workers seeking greater prosperity in cities.
• C)Chinese flooded out by the Three Gorges Dam.
• D)China's recent population explosion.
• E)large numbers of ethnic Japanese who represent a new trend in immigration.

---

Definitions:

Average Variable Cost

The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.

Marginal Cost

The incremental cost associated with the production of an additional unit of a product or service.

Total Costs

The complete expenses incurred in the process of producing or providing goods and services, including both fixed and variable costs.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.