Development Economists Suggest That the Best Strategy for the Poorest

question 10

Multiple Choice

Development economists suggest that the best strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their:

• A) Population growth for a greater labor supply
• B) Output and slow down their population growth
• C) Birth rates to expand their available resources
• D) Mortality rates to slow down their population growth

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Definitions:

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to products based on a certain activity (e.g., machine hours).

Variable Manufacturing Overhead

Costs of manufacturing that fluctuate with the level of production output, such as utility costs directly tied to machine operation.

Machine-Hours

A gauge for the level of production or activity, calculated through the duration machines are in use.

Manufacturing Overhead

Indirect costs related to manufacturing that are not directly tied to specific units produced, such as maintenance and utilities.