Which of the following is an example of shoe-leather cost?
a. Diane has to shut down her supermarket for a day in order to change the prices on
everything.
b. Viktor has to pay a value added tax on raw materials that he is manufacturing into
goods for resale.
c. Zara has to calculate the depreciation of each of the goods in her office each year.
d. Ishmael goes to the ATM twice a week because consumer prices have been
fluctuating so rapidly.
d. Ishmael goes to the ATM twice a week because consumer prices have been
fluctuating so rapidly.
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According to supply-siders, an switch from taxing income to taxing consumption to will
a. lead to a permanent increase in output-per-worker. b. lead to a temporary increase in output-per-worker. c. lead to a decline in output-per-worker. d. not change output-per-worker.
The Darity-Myers thesis states that
A. he heritage of slavery is largely to blame for black poverty. B. welfare dependency creates a culture of poverty. C. black men have become less useful in the emerging economic order and have become marginalized. D. the root problem of black poverty is the high pregnancy rate of unmarried teenage girls.
Eileen inherits $20,000 from her uncle and deposits the money into an account at Silver Star Bank. Silver Star has a required reserve ratio of 10 percent, meaning it must keep ______ of Eileen’s deposit in reserve.
a. $10,000 b. $2,000 c. $8,000 d. $18,000
Stock and Watson found that monetary policy was responsible for about ________% of the reduction in output volatility that occurred in the mid-1980s.
A. 30 to 40 B. 20 to 30 C. 10 to 20 D. 0 to 10