Which of the Following Is a Reason for the Lack

question 146

Multiple Choice

Which of the following is a reason for the lack of political will to remove impediments to development from freer trade?

• A)The potential losers fight reforms that might harm their livelihood.
• B)Domestic producers do not recognize their losses.
• C)Consumers are fully aware of their benefits from freer trade.
• D)Losses from freer trade are widespread.
• E)The government is unstable and therefore incapable of removing the trade barriers.

---

Definitions:

Direct Labor-Hours

The cumulative hours spent by workers who are directly engaged in creating products, serving as the foundation for distributing labor expenses among products.

Activity-Based Costing

A pricing approach that allocates overhead and indirect expenses to associated goods and services according to their consumption of resources.

Predetermined Overhead Rate

A projected rate employed to assign manufacturing overhead expenses to particular products or job orders, utilizing a defined activity base for allocation.

Job-Order Costing System

A method of cost accounting in which costs are assigned to specific jobs or orders, used in manufacturing custom products or services.