Costs Associated with Economic Growth Include All of the Following

question 92

Multiple Choice

Costs associated with economic growth include all of the following EXCEPT

• A) environmental pollution.
• B) psychological problems such as depression.
• C) urban congestion.
• D) improved health care.

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Definitions:

Direct Materials

Materials that can be directly linked to the creation of a product and represent a large part of the cost of production.

Direct Labor

The labor cost of workers who are directly involved in the production of goods or the provision of services.

Factory Overhead

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

Direct Labor

The labor cost directly attributed to the production of goods or services, typically wages paid to those on the manufacturing floor.