Which of the Following Would Likely Be Considered as a Topic

question 249

Multiple Choice

Which of the following would likely be considered as a topic of microeconomics?

• A) a nation's unemployment rate
• B) Gross Domestic Product
• C) the price of apples
• D) the effects of fiscal policy on the economy

---

Definitions:

Activity-Based Costing

A pricing technique that allocates overheads and indirect expenses to associated services and products based on the activities involved.

Manufacturing Factory Overhead

All indirect costs associated with the manufacturing process, excluding direct materials and direct labor expenses.

Production Department

Definition: A specific division within a company focused on the process of producing goods and services.

Factory Overhead Rate

A measure used to allocate the total factory overhead costs to units produced, based on a predetermined activity base.