Variable costs are:
A. costs that don't depend on the quantity of output produced.
B. costs that depend on the quantity of output produced.
C. one-time costs.
D. None of these is true.
B. costs that depend on the quantity of output produced.
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To deal with difficulties in administering pension funds, Congress in 1974 passed the
A) Corrupt Pension Fund Reform Act. B) Securities and Exchange Act. C) Employee Retirement Income Security Act. D) Social Security Act.
If, during the negotiations between the union and the management, a lockout occurs, it would be because
a. The management is trying to convince the union that it would stick to its strategy b. The union believes the management's threat c. All of the above d. None of the above
Which of the following is one common criticism of capitalism?
a. Poor product quality and little product diversity. b. Inefficiency of nationalized industries. c. Inability to adjust quickly to changing economic conditions. d. Inadequate environmental protection.
If a bank has $1,000,000 in reserves and checking deposits of $3,000,000 . what is the bank's reserve position if the required reserve ratio is 20 percent?
a. The bank has $500,000 of required reserves and $500,000 of excess reserves. b. The bank has $600,000 of required reserves and $400,000 of excess reserves. c. The bank has $400,000 of required reserves and $600,000 of excess reserves. d. The bank has $200,000 of required reserves and $800,000 of excess reserves.