If you worked 35 hours a week at a minimum wage job you could ________ a family of four above the poverty line.
A. easily keep
B. barely keep
C. not come close to keeping
C. not come close to keeping
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Which of the following provides the clearest example of human capital?
A) Automated equipment that can be used without any accompanying human labor B) Corporate stock owned by individuals and families rather than institutions such as mutual funds or corporations C) Machinery that has been designed and constructed by human beings D) Tools that cannot be used effectively except in combination with workers E) The ability to read
Which of the following would be considered an implicit cost of operating a business?
A) shipping expenses B) Social Security contributions for employees C) the resale value of delivery vans the company owns and uses for its deliveries D) interest payments on a loan
If a price decrease of a product significantly raises its revenues, then the absolute price elasticity of demand for that product must be
A) less than one. B) equal to one. C) greater than one. D) an example of unit elasticity.
The Bretton Woods Conference accomplished all of the following except _____.
(A) Establishing the World Bank. (B) Making financial arrangements for the post-World War II world. (C) An agreement to "peg" foreign currencies to the U.S. dollar. (D) Establishing the International Monetary Fund.