The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total cost of producing 50 bikes?
A) $100
B) $200
C) $300
D) $400
D
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Social security benefits have exceeded/will exceed payroll taxes starting in
A. 2005. B. 2010. C. 2020. D. 2030.
The best description of US economic growth during the 1800s is:
a. The annual growth rate for the 20 years preceding the Civil War was about the same as the annual growth rate from 1870-1899 while the growth rate during the Civil War was higher than either period. b. The annual growth rate for the 20 years preceding the Civil War was lower than the annual growth rate from 1870-1899 c. The annual growth rate for the 20 years preceding the Civil War was greater than the annual growth rate from 1870-1899
The measures of absolute poverty:
a. are inversely related to the degree of income equality in a country. b. are directly related to the degree of income equality in a country. c. depend on the prosperity of the poorest 50 percent of population. d. determine the degree of income inequality. e. are completely independent of the degree of income inequality.
Permanent members of the Federal Open Market Committee include
a. all members of the Board of Governors. b. the president of the New York Federal Reserve Bank. c. the secretary of the U.S. Treasury. d. both the president of the New York Federal Reserve Bank and all members of the Board of Governors.