Which of the Following Statements Is Not Correct

question 113

Multiple Choice

Which of the following statements is not correct?

• A)The catch-up effect is based on the assumption of diminishing returns to capital.
• B)Investment in poor countries by citizens of rich countries is one way poor countries can learn new technologies.
• C)Malthus argued that charity and government aid was an effective way to reduce poverty.
• D)Peace and justice are keys to growth.

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Definitions:

Overhead Efficiency Variance

The difference between flexible budgets using actual volume and standard volume. It is an estimate of the additional overhead incurred.

Direct Labor Hours

The total amount of time workers spend directly manufacturing a product or providing a service.