In the 1990s, the Monks of St. Benedict's the Monks determined that their ________ were ________ in the egg and cookie business, so they ________ .
A) opportunity costs; too low; switched to providing private retreats
B) opportunity costs; too high; switched to providing private retreats
C) profits; too high; went out of business
D) operating costs; too low; opened a new business
Ans: B) opportunity costs; too high; switched to providing private retreats
Economics
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Social Security is financed:
A. by state income tax revenues. B. by payroll taxes on employees and employers. C. by federal excise taxes. D. out of general tax revenues.
Economics
If workers in an industry become less productive, we would expect the
A) supply of workers to increase. B) supply of workers to decrease. C) demand for workers to decrease. D) demand for workers to increase.
Economics