Because of Its Effect on the Amount of Capital Per

question 26

Multiple Choice

Because of its effect on the amount of capital per worker,in the short term an increase in the working population is likely to

• A)raise productivity.Other things the same,this increase will be larger in a poor country.
• B)raise productivity.Other things the same,this increase will be larger in a rich country.
• C)reduce productivity.Other things the same,this decrease will be larger in a poor country.
• D)reduce productivity.Other things the same,this decrease will be larger in a rich country.

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Definitions:

Quantity Variances

Quantity variances refer to the difference between the actual quantity of materials or labor used and the expected quantity needed for production.

Standard

In the context of business and accounting, standard refers to the established norms or criteria against which performance or practices are measured.

Producing

The act of creating, manufacturing, or generating products or services.

Capacity Level

The maximum output a business can produce in a given period with existing resources, often impacting production costs and pricing strategies.