All of the following would be considered explicit costs of operating a business except
A) rent paid to a landlord.
B) bonuses paid to employees.
C) a normal rate of return for investors.
D) corporate income taxes.
Answer: C
Economics
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The market for indentured servants could be best described as:
a. A monopoly. b. An oligopoly. c. A competitive market.
Economics
In Figure 9.8, if full-employment income is produced at $400 billion, which of the following can alleviate a recession?
A. An increase in interest rates. B. An increase in taxes. C. An increase in government spending. D. An increase in saving.
Economics