Sometimes Countries Suffer a Net Loss of Jobs Due to Free

question 60

True/False

Sometimes countries suffer a net loss of jobs due to free trade, because they do not have a comparative advantage in producing anything.

---

Definitions:

Predetermined Manufacturing Overhead

Predetermined Manufacturing Overhead is an estimated amount of manufacturing overhead costs that is assigned to each unit of product based on a predetermined rate, before actual costs are known.

Job F

Based on context, this could refer to a specific job identifier in job costing, tracking costs and revenue associated with a particular job.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a selected activity base.

Direct Labor-hour

The number of labor hours spent on the direct production of goods or services.