Expectation damages:
a. leave the parties no worse off than was anticipated under the contract
b. are designed to elicit efficient precaution and efficient reliance on promises.
c. are readily awarded by the courts
d. a through c
e. a and c only
d
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FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and Medicare. Which of the following statements regarding the tax is true?
A) Most economists believe the burden of the tax falls almost entirely on workers. B) Congress wanted the burden of the tax to be greater for employers than for workers. C) Most economists believe the burden of the tax falls mostly on employers. D) Employers are required to pay a greater share of the tax than workers but most economists believe the burden of the tax is shared equally.
Suppose Sun Bakery sells cupcakes and buns, using various equipment and labor to make and deliver its products. Which of the following costs is a fixed cost for Sun Bakery?
a. The money paid to buy cupcake liners and flour b. The money paid to provide health benefits to the staff c. The money paid to workers as wages d. The money paid to pay back the loan taken to purchase commercial-grade ovens
A decrease in the budget deficit
a. makes investment spending fall. b. makes investment spending rise. c. does not affect investment spending. d. may increase, decrease, or not affect investment spending if private saving doesn't change.
If excess reserves are $10 million, (total) reserves are $14 million, and the required reserve ratio is 10%, then required reserves equal ________________ and checkable deposits equal ____________________
A) $4 million; $40 million B) $40 million; $4 million C) $24 million; $240 million D) $7 million; $70 million