If you hire different workers each depending on the amount of sales you expect, this is an example of a ________ cost
a. fixed
b. variable
c. total
d. marginal
b
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Government expenditures on goods and services include
i. the New York City Library's purchase of new books. ii. Washington D.C.'s purchase of gas for its city buses. iii. California's payment of wages to prison guards. A) i and ii B) i and iii C) i, ii and iii D) i only E) ii and iii
If wages drop below the market equilibrium level in a competitive labor market:
A. firms will demand more labor than workers are willing to supply. B. there won't be enough workers willing to work at that wage. C. firms will have to offer higher wages to attract the workers they need. D. All of these statements are true.
Government decision makers worldwide are concerned with the excessive growth in medical care spending. When looking for areas to cut, they typically rely on the low-hanging fruit, which includes:
a. surgeries treating acute conditions that are not life threatening. b. end-of-life care. c. pharmaceutical drugs targeting chronic conditions. d. preventive care. e. basic diagnostic screenings.
In designing an export plan, managers initially do all of the following EXCEPT ________.
A) sequence tactics B) specify objectives C) assess resources D) organize financial support