China Is One of the World's Largest Exporters

question 309

Multiple Choice

China is one of the world's largest exporters. As the world's economies slipped into a worldwide recession in 2008, there was a ________ China's aggregate demand curve as China's exports ________.

• A) rightward shift of; decreased
• B) movement upward along; increased
• C) leftward shift of; decreased
• D) movement upward along; decreased

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Definitions:

Budgeted Units

The quantity of products or services that are planned to be sold or produced over a specific period, as per the budget.

Plantwide Factory Overhead Rate

A single overhead absorption rate used throughout a manufacturing plant, applied to all cost units irrespective of the department where they were produced.

Overhead Costs

Expenses related to the day-to-day running of a business that cannot be directly linked to any specific business activity or product.

Departments

Divisions within an organization, each focusing on a specific area of function, such as sales or human resources.