Which statement about costs is NOT correct?
A) Silver and gold prices have been very volatile.
B) The costs of raw materials, supplies, labor, and transportation are frequently beyond the control of the firm.
C) The recent annual inflation rate has typically been 3 to 5 percent.
D) Since the early 1980s, overall price increases have been relatively high.

Question

Quizplus · Accepted Answer

Since the early 1980s, overall price increases have not been relatively high, especially when compared to the high inflation rates of the 1970s. The period since the 1980s has generally been characterized by lower inflation rates in many developed economies.

Which Statement About Costs Is NOT Correct