Which of the following is an implicit cost to Mondo Manufacturing, Inc?
a. Payments of wages to its office workers
b. Property taxes.
c. Depreciation charges on company owned automobiles and trucks.
d. Rent paid for the use of equipment.
c
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Rent seeking activities by special interest groups result in
a. greater economic activity by promoting efficiency in government b. lower economic activity by diverting resources to less-productive or nonproductive uses c. a more equal distribution of income and wealth in the nation d. lower expenditures by government through an increase in taxes e. greater efficiency in the private economy and increased wealth for society
According to the classical model, there is no need for government intervention in the economy. if the economy is left alone, full employment output will eventually occur
a. True b. False
Which of the following is not one of the three pillars of productivity growth?
a. rate of capacity utilization b. rate of technological improvement c. rate of improvement in workforce quality d. rate of capital expansion
Money market mutual funds are accounts that are
A. usually offered by banks. B. do not pay interest income. C. insured by the federal government. D. usually offered by brokerage and insurance firms.