Which of the following is most likely to be a variable cost?
A. Rental payments on office equipment
B. Interest on business loans
C. Fuel and power payments
D. Real estate taxes
Answer: C
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The Federal Open Market Committee of the Federal Reserve System is responsible for
A) maintaining competition among the nation's commercial banks. B) determining monetary policy actions. C) establishing the official price of gold. D) defining the foreign exchange value of the dollar.
Developing country governments often collaborate with foreign companies in
a. choosing inappropriate technologies b. transferring assets back home during foreign exchange crises c. promoting corporate goals over development goals d. avoiding taxes e. all of the above
Refer to the above figure. Which panel represents what happens in the foreign job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?
A) Panel A B) Panel B C) Panel C D) Panel D
The way that a society allocates resources to satisfy human wants is called
A. an assumption. B. ceteris paribus. C. realism. D. an economic system.