Which of the Following Is an Important Reason for the Projected

question 94

Multiple Choice

Which of the following is an important reason for the projected increase in government spending as a percentage of GDP over the next several decades?

• A)the increase in life expectancy resulting from advances in healthcare
• B)an increase in the average number of children per family.
• C)the increase in the number of jobs lost each year to foreign countries as a result of outsourcing
• D)the reduction in the number of high-cost medical procedures

Understand the criteria for drawing cause-and-effect conclusions from experimental data.

Understanding categorization of variables within experiments (independent and dependent variables).

Recognizing methods used to reduce bias and ensure reliability in experiments (e.g., double-blind control, anonymity).

Identifying research methods in psychology (survey, naturalistic observation, field, and laboratory experiments).

---

Definitions:

First-In, First-Out

An inventory valuation method that assumes that the first items placed in inventory are the first items sold, ideal for products that are perishable or have a short shelf life.

Predetermined Overhead Rate

A rate calculated before a period begins, based on the estimated overhead costs and estimated activity base, used to allocate overhead costs to products or services.

Direct Labor Costs

Expenses attributed to the payment of employees directly involved in the production of goods or services.

Machine Hours

A measure of the amount of time a machine is operated, used in allocating manufacturing overhead costs.