In most countries, primary and secondary education is the responsibility of the
a. private business sector.
b. religious institutions.
c. government sector.
d. household.
c
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Which of the following is an implicit cost of migration?
A. The cost of traveling to a new country B. Having to adapt to a new culture C. Paying application fees D. Payment to an expediter
Most development economists agree that the most basic and important task of any government is to:
A. create a stable political system. B. provide national health care system. C. maintain a stable currency. D. ensure basic education for all citizens.
Suppose Bev's Bags makes two kinds of handbags-large and small. Bev rents an industrial space where she keeps the fabric, the industrial sewing machine, her measuring board and cutting shears, extra needles, thread and buttons, and labels. Which of the following would be considered a variable cost of this company?
A. The cutting shears B. The fabric C. The rent D. None of these would be considered a variable cost.
A person's tax liability refers to
a. the percentage of income that a person must pay in taxes. b. the amount of tax a person owes to the government. c. the amount of tax the government is required to refund to each person. d. deductions that can be legally subtracted from a person's income each year.