Which of the Following Is Correct? Over About the Last

question 98

Multiple Choice

Which of the following is correct? Over about the last fifty years

• A)U.S. exports and U.S. imports each about doubled.
• B)U.S. exports and U.S. imports each about tripled.
• C)U.S. exports about doubled and U.S. imports about tripled.
• D)U.S. exports about tripled and U.S. imports about doubled.

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or sales activity within a business.

Fixed Costs

Expenses that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Variable Costs

Costs that vary in direct proportion to changes in levels of production or sales.

Fixed Costs

Expenses that do not change in proportion to the level of production or sales activities, such as rent, salaries, and insurance premiums.