Fixed costs are costs paid for:
a. medical reimbursements and health insurance of workers.
b. obsolete plant and equipment not used anymore.
c. plant and equipment in the long run.
d. hiring temporary workers.
e. resources that do not change with changes in output.
e
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Funding for the operations of the Board of Governors of the Federal Reserve is derived from
A) taxes collected from commercial banks. B) the governments of the states in which the district banks operate. C) appropriations from the United States Congress. D) earnings of the Federal Reserve district banks.
Suppose you make a $5,000 investment that will return $3,000 in year 2 and another $3,500 in year 4. With an interest rate of 4.5%, what is the NPV of this project?
A. $247.34 B. $682.16 C. $1,500.00 D. $2,162.50
Horizontal equity is the concept that
a. equally situated individuals should be taxed equally. b. persons with the same income should be taxed equally. c. equal property value should be taxed equally. d. persons living in the same neighborhood should be taxed equally.
Government provision of goods and services that cannot easily be provided through markets because it is difficult to establish a one-to-one link between payment and consumption of the good is referred to as the
a. productive function of government. b. protective function of government. c. construction function of government. d. income redistribution function of government.