Which of the Following Statements Is FALSE

question 123

Multiple Choice

Which of the following statements is FALSE?

• A)The cost of spoiled units is the costs incurred prior to detection.
• B)The unit costs of abnormal and normal spoilage are the same if detected simultaneously.
• C)The timing of inspection affects the amount of abnormal spoilage.
• D)Spoilage may occur at points other than the inspection point.
• E)Spoilage units cannot be sold.

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Definitions:

Keynesian Economists

Keynesian economists follow the principles of John Maynard Keynes, advocating for government intervention to moderate economic cycles and promote demand-driven growth.

Economic Instability

A condition characterized by significant fluctuations in economic performance, manifesting in variables such as prices, demand, employment, and GDP.

Money Supply Growth

An increase in the total amount of money in circulation or in the economy within a specific period.

Monetarists

Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that the objectives of monetary policy are best met by targeting the growth rate of the money supply.