Which of the Following Is a True Statement

question 112

Multiple Choice

Which of the following is a true statement?

• A) The United States has the world's largest ratio of exports to GDP.
• B) The United States is almost entirely dependent on other countries in obtaining items such as silk,nickel,tin,and coffee.
• C) U.S.exports to China greatly exceed U.S.imports from China.
• D) Since 1947 the United States has accounted for a rising percentage of total world trade.

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Definitions:

Cost-Plus Pricing

A pricing method where the seller establishes the sale price by adding a defined markup to the cost per unit of the product.

Total Variable Cost

Total Variable Cost is the sum of all costs that vary directly with the level of production or sales volume; they increase as production increases and decrease as production decreases.

Mark-Up Percentage

A financial ratio indicating the percentage by which a product's selling price exceeds its cost, used to determine selling prices.

Time And Material Pricing

A pricing method where a service provider charges based on the labor time involved and the cost of materials used.