Which program provides assistance to the aged, blind and disabled?
A. Supplemental Security Income program
B. TANF
C. Social Security Program
D. Earned Income Tax Credit
Answer: A
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Which of the following is NOT included in the M1 measure of money?
A) currency held outside banks B) currency held in bank vaults C) checking deposits at commercial banks D) checking deposits at credit unions
Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her accounting profit?
A) $12,000 B) $56,000 C) $86,000 D) $98,000
Which of the following will be considered a lagging indicator of the business cycle?
a. Money supply b. New building permits c. Unemployment duration d. Unemployment claims e. New plant and equipment orders
A firm pays the same wage rate to all its workers. At present, 10 workers are employed at $50 per day. Wages are subsequently raised to $55 per day in order to attract an extra worker. Thus the marginal labor cost per day is:
A. $5 B. $10 C. $55 D. $105