All of the following would be considered explicit costs of operating a business except

A) rent paid to a landlord.
B) bonuses paid to employees.
C) a normal rate of return for investors.
D) corporate income taxes.


Answer: C

Economics

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Indicate whether the statement is true or false

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Which of the following policies is a supply-side policy?

a. Reduction in taxes. b. Reduction in regulation. c. Reduction in resource prices. d. Subsidies to produce technological advances. e. All of these.

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Use the following scenario for the question below. A group of 100 people seeks out an insurance company to underwrite health insurance for its members. The expected medical spending for the group is $150,000. What will the average premium be if the health insurance company estimates the premium adding net loading costs of 15 percent?

a. $1,200 b. $2,250 c. $1,500 d. $1,725 e. $1,765

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Suppose an economy’s real GDP is $50,000 in year 1 and $55,000 in year 2. What is the growth rate of its GDP? Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita?

Please provide the best answer for the statement.

Economics